Mezzasalma Advisors LLC Has $500,000 Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Mezzasalma Advisors LLC decreased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 23.4% in the 2nd quarter, Holdings Channel reports. The fund owned 6,427 shares of the company’s stock after selling 1,965 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $500,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at $1,176,000. Mather Group LLC. bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $239,000. Mission Wealth Management LP boosted its position in Schwab US Dividend Equity ETF by 123.7% during the fourth quarter. Mission Wealth Management LP now owns 7,596 shares of the company’s stock valued at $578,000 after purchasing an additional 4,200 shares during the last quarter. Brighton Jones LLC grew its stake in Schwab US Dividend Equity ETF by 7.3% in the fourth quarter. Brighton Jones LLC now owns 29,423 shares of the company’s stock valued at $2,240,000 after purchasing an additional 1,998 shares in the last quarter. Finally, Northcape Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $274,000.

Schwab US Dividend Equity ETF Stock Up 0.8 %

Shares of NYSEARCA SCHD traded up $0.67 during trading hours on Friday, hitting $84.53. The company had a trading volume of 2,472,968 shares, compared to its average volume of 3,212,576. The stock has a market capitalization of $59.30 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $84.57. The firm’s 50 day moving average is $80.47 and its 200-day moving average is $78.98.

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.