Beacon Capital Management LLC Lowers Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Beacon Capital Management LLC lessened its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 26,557 shares of the company’s stock after selling 1,964 shares during the quarter. Beacon Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $743,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF during the first quarter valued at $27,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares in the last quarter. PFG Private Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after purchasing an additional 686 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its stake in Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after purchasing an additional 777 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter valued at $29,000.

Schwab US Dividend Equity ETF Stock Down 0.7%

Schwab US Dividend Equity ETF stock opened at $26.72 on Wednesday. The company has a market cap of $69.47 billion, a price-to-earnings ratio of 15.93 and a beta of 0.82. The firm’s fifty day moving average is $26.02 and its 200 day moving average is $27.14. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72.

Schwab US Dividend Equity ETF Profile

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.