Pinkerton Wealth LLC Sells 42,120 Shares of Schwab US Dividend Equity ETF $SCHD

Pinkerton Wealth LLC lowered its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.6% during the third quarter, Holdings Channel reports. The institutional investor owned 267,392 shares of the company’s stock after selling 42,120 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 0.8% of Pinkerton Wealth LLC’s investment portfolio, making the stock its 23rd largest holding. Pinkerton Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,300,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Biltmore Family Office LLC boosted its stake in Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after acquiring an additional 524 shares in the last quarter. Reyes Financial Architecture Inc. grew its holdings in Schwab US Dividend Equity ETF by 1,903.1% in the third quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock worth $36,000 after purchasing an additional 1,237 shares during the last quarter. Independence Bank of Kentucky acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $41,000. True Wealth Design LLC increased its position in shares of Schwab US Dividend Equity ETF by 42.9% during the third quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after purchasing an additional 450 shares in the last quarter. Finally, Total Investment Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at $43,000.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $31.02 on Tuesday. The stock has a market capitalization of $81.59 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $31.95. The business has a fifty day moving average price of $30.05 and a 200-day moving average price of $28.26.

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.