Parallel Advisors LLC Sells 16,024 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Parallel Advisors LLC decreased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 221,289 shares of the company’s stock after selling 16,024 shares during the quarter. Parallel Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $17,207,000 as of its most recent filing with the SEC.

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

Schwab US Dividend Equity ETF Stock Up 0.9 %

NYSEARCA SCHD opened at $83.36 on Friday. The firm has a 50-day moving average price of $81.56 and a two-hundred day moving average price of $79.40. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $84.57. The company has a market capitalization of $58.48 billion, a P/E ratio of 15.04 and a beta of 0.74.

About Schwab US Dividend Equity ETF

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.