Rollins Financial Advisors LLC Trims Stake in Schwab US Dividend Equity ETF $SCHD

Rollins Financial Advisors LLC cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,224 shares of the company’s stock after selling 5,724 shares during the period. Schwab US Dividend Equity ETF comprises about 0.7% of Rollins Financial Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Rollins Financial Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,140,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHD. Kozak & Associates Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 476.1% during the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after buying an additional 938 shares in the last quarter. PrairieView Partners LLC increased its holdings 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 worth $33,000 after acquiring an additional 467 shares in the last quarter. Financial Management Professionals Inc. raised its stake in Schwab US Dividend Equity ETF by 241.9% during the 2nd 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 period. Vaughan Nelson Investment Management L.P. bought a new stake in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $39,000. Finally, MTM Investment Management LLC purchased a new position in Schwab US Dividend Equity ETF during the first quarter valued at approximately $40,000.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $26.72 on Friday. The firm has a market cap of $69.09 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The company has a 50 day simple moving average of $27.14 and a two-hundred day simple moving average of $26.86.

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.