Successful Portfolios LLC Cuts Stake in Schwab US Dividend Equity ETF $SCHD

Successful Portfolios LLC lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.1% in the second quarter, Holdings Channel reports. The institutional investor owned 14,372 shares of the company’s stock after selling 466 shares during the period. Successful Portfolios LLC’s holdings in Schwab US Dividend Equity ETF were worth $381,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SCHD. Kingstone Capital Partners Texas LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at about $1,031,129,000. Wealthspire Advisors LLC increased its holdings in shares of 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 valued at $826,353,000 after purchasing an additional 14,410,724 shares in the last quarter. LPL Financial LLC increased its holdings in shares of 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 valued at $1,084,442,000 after purchasing an additional 2,470,706 shares in the last quarter. Cresset Asset Management LLC increased its holdings in shares of 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 valued at $212,001,000 after purchasing an additional 2,069,007 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 6.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock valued at $772,840,000 after purchasing an additional 1,637,300 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.3%

Shares of SCHD opened at $27.41 on Friday. The company has a market capitalization of $71.87 billion, a PE ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The company has a 50-day simple moving average of $27.33 and a 200-day simple moving average of $26.77.

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.