Equitable Trust Co. Has $23.96 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

Equitable Trust Co. lowered its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.9% in the second quarter, HoldingsChannel.com reports. The fund owned 904,156 shares of the company’s stock after selling 111,061 shares during the quarter. Schwab US Dividend Equity ETF comprises 1.2% of Equitable Trust Co.’s portfolio, making the stock its 18th biggest position. Equitable Trust Co.’s holdings in Schwab US Dividend Equity ETF were worth $23,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHD. Opal Wealth Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at about $27,000. Kozak & Associates Inc. grew its holdings in Schwab US Dividend Equity ETF by 476.1% during the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock worth $31,000 after purchasing an additional 938 shares during the period. PrairieView Partners LLC raised its stake in Schwab US Dividend Equity ETF by 57.3% in the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after acquiring an additional 467 shares during the period. Financial Management Professionals Inc. lifted its position in Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock worth $34,000 after acquiring an additional 907 shares during the last quarter. Finally, Cooksen Wealth LLC bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter worth approximately $38,000.

Schwab US Dividend Equity ETF Trading Up 0.3%

Shares of SCHD opened at $26.63 on Tuesday. The firm’s 50 day moving average is $27.36 and its 200-day moving average is $26.72. The stock has a market capitalization of $69.53 billion, a PE ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72.

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.