Schwab US Dividend Equity ETF $SCHD Position Cut by TFB Advisors LLC

TFB Advisors LLC trimmed its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 16.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,178 shares of the company’s stock after selling 2,812 shares during the quarter. TFB Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SCHD. Kingstone Capital Partners Texas LLC bought a new position in Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $1,031,129,000. Wealthspire Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 95.2% in the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after buying an additional 14,410,724 shares in the last quarter. RMG Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $132,621,000. LPL Financial LLC grew its holdings in Schwab US Dividend Equity ETF by 6.8% in the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after buying an additional 2,470,706 shares in the last quarter. Finally, Cresset Asset Management LLC grew its holdings in Schwab US Dividend Equity ETF by 37.5% in the 1st quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after buying an additional 2,069,007 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $26.99 on Thursday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The firm has a market capitalization of $70.11 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. The business has a 50 day simple moving average of $27.35 and a 200 day simple moving average of $26.71.

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.