KCM Investment Advisors LLC Trims Stock Position in Schwab US Dividend Equity ETF $SCHD

KCM Investment Advisors LLC reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 189,823 shares of the company’s stock after selling 4,673 shares during the quarter. KCM Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,030,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SCHD. MOKAN Wealth Management Inc. lifted its stake in Schwab US Dividend Equity ETF by 4.9% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after buying an additional 6,985 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth approximately $384,000. Allspring Global Investments Holdings LLC increased its stake in Schwab US Dividend Equity ETF by 343.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock worth $339,000 after buying an additional 9,382 shares in the last quarter. Elevate Wealth Advisory Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 7.4% during the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock valued at $1,593,000 after acquiring an additional 3,915 shares during the last quarter. Finally, Schaeffer Financial LLC lifted its position in shares of Schwab US Dividend Equity ETF by 3.7% in the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock valued at $19,260,000 after acquiring an additional 24,751 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $26.72 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The firm has a market capitalization of $69.09 billion, a PE ratio of 14.57 and a beta of 0.77. The business’s 50 day moving average price is $27.14 and its 200-day moving average price is $26.85.

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.