Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Sold by GM Advisory Group LLC

GM Advisory Group LLC reduced its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 15.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,987 shares of the company’s stock after selling 5,600 shares during the quarter. GM Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,410,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new position in Schwab US Dividend Equity ETF during the 1st quarter worth $25,000. Financial Gravity Asset Management Inc. bought a new stake in Schwab US Dividend Equity ETF in the second quarter valued at about $25,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in Schwab US Dividend Equity ETF during the first quarter valued at approximately $26,000. Iron Horse Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $26,000. Finally, PFG Private Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $27,000.

Schwab US Dividend Equity ETF Trading Up 0.8 %

SCHD stock opened at $84.85 on Friday. The stock’s 50 day simple moving average is $82.09 and its 200 day simple moving average is $79.58. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $85.24. The firm has a market cap of $59.52 billion, a P/E ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF Company 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.