Private Advisor Group LLC Trims Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Private Advisor Group LLC lowered its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 503,956 shares of the company’s stock after selling 85,223 shares during the period. Private Advisor Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $39,188,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SCHD. Charles Schwab Investment Advisory Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 0.4% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock valued at $783,833,000 after buying an additional 40,493 shares in the last quarter. Sumitomo Life Insurance Co. increased its stake in Schwab US Dividend Equity ETF by 41.5% during the second quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock worth $677,625,000 after purchasing an additional 2,620,000 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 4.0% during the first quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock worth $626,914,000 after purchasing an additional 299,496 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 2.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock valued at $455,013,000 after purchasing an additional 139,020 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 7.1% in the first quarter. Commonwealth Equity Services LLC now owns 4,444,733 shares of the company’s stock valued at $358,379,000 after purchasing an additional 292,782 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.9 %

Shares of SCHD opened at $82.00 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $84.57. The company has a market cap of $57.52 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm’s 50 day moving average price is $81.00 and its 200 day moving average price is $79.21.

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.