Joseph Group Capital Management cut its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 294,563 shares of the company’s stock after selling 27,490 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 1.7% of Joseph Group Capital Management’s holdings, making the stock its 14th biggest holding. Joseph Group Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $9,582,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in SCHD. Syntax Research Inc. acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $308,000. Allspring Global Investments Holdings LLC grew its stake in shares of Schwab US Dividend Equity ETF by 5.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,342 shares of the company’s stock worth $534,000 after purchasing an additional 809 shares during the last quarter. Entrust Financial LLC grew its stake in shares of Schwab US Dividend Equity ETF by 828.4% in the third quarter. Entrust Financial LLC now owns 4,846 shares of the company’s stock worth $158,000 after purchasing an additional 4,324 shares during the last quarter. Journey Beyond Wealth LLC increased its holdings in Schwab US Dividend Equity ETF by 7.8% in the third quarter. Journey Beyond Wealth LLC now owns 96,873 shares of the company’s stock valued at $3,151,000 after purchasing an additional 7,007 shares during the period. Finally, Bryn Mawr Trust Advisors LLC increased its holdings in Schwab US Dividend Equity ETF by 2.0% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 83,687 shares of the company’s stock valued at $2,722,000 after purchasing an additional 1,649 shares during the period.
Schwab US Dividend Equity ETF Stock Up 1.4%
Shares of NYSEARCA:SCHD opened at $35.65 on Tuesday. The firm has a market cap of $121.30 billion, a P/E ratio of 19.09 and a beta of 0.66. Schwab US Dividend Equity ETF has a 12-month low of $26.51 and a 12-month high of $36.38. The business has a fifty day simple moving average of $34.21 and a 200 day simple moving average of $32.52.
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.
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