GM Advisory Group LLC Trims Stake in Schwab US Dividend Equity ETF $SCHD

GM Advisory Group LLC lowered its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,682 shares of the company’s stock after selling 26,899 shares during the period. GM Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SCHD. MOKAN Wealth Management Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 4.9% during the second quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after buying an additional 6,985 shares during the last quarter. Advisory Resource Group boosted its holdings in Schwab US Dividend Equity ETF by 4.4% during the 2nd quarter. Advisory Resource Group now owns 59,500 shares of the company’s stock valued at $1,577,000 after acquiring an additional 2,520 shares during the period. Elevate Wealth Advisory Inc. boosted its holdings in Schwab US Dividend Equity ETF by 7.4% during the 1st quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock valued at $1,593,000 after acquiring an additional 3,915 shares during the period. AE Wealth Management LLC grew its position in Schwab US Dividend Equity ETF by 13.2% during the 2nd quarter. AE Wealth Management LLC now owns 321,104 shares of the company’s stock worth $8,509,000 after acquiring an additional 37,403 shares during the last quarter. Finally, Muirfield Wealth Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 19.4% in the 2nd quarter. Muirfield Wealth Advisors LLC now owns 98,573 shares of the company’s stock worth $2,612,000 after purchasing an additional 15,988 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.5%

Shares of NYSEARCA SCHD opened at $27.45 on Thursday. The company has a market cap of $70.98 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The firm’s fifty day moving average is $27.01 and its 200 day moving average is $26.98. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.62.

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.