Gray Wealth Management Inc. Cuts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Gray Wealth Management Inc. lessened its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,215 shares of the company’s stock after selling 1,721 shares during the period. Gray Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHD. O Shaughnessy Asset Management LLC increased its stake in Schwab US Dividend Equity ETF by 115.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 353 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $28,000. Bear Mountain Capital Inc. purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at $34,000. Howe & Rusling Inc. boosted its stake in Schwab US Dividend Equity ETF by 209.8% in the third quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock valued at $36,000 after acquiring an additional 344 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Schwab US Dividend Equity ETF by 464.5% during the second quarter. BlackRock Inc. now owns 525 shares of the company’s stock worth $38,000 after purchasing an additional 432 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD remained flat at $75.81 during trading on Thursday. The company’s stock had a trading volume of 2,607,271 shares, compared to its average volume of 3,675,365. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82. The company’s fifty day simple moving average is $78.25 and its two-hundred day simple moving average is $74.86. The company has a market cap of $53.12 billion, a price-to-earnings ratio of 15.00 and a beta of 0.79.

About Schwab US Dividend Equity ETF

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.