Schwab US Dividend Equity ETF $SCHD Shares Sold by MidAtlantic Capital Management Inc.

MidAtlantic Capital Management Inc. reduced its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 41.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,310 shares of the company’s stock after selling 27,403 shares during the quarter. MidAtlantic Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SCHD. Biltmore Family Office LLC increased its position in Schwab US Dividend Equity ETF by 116.4% during the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after purchasing an additional 524 shares in the last quarter. Independence Bank of Kentucky purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $41,000. True Wealth Design LLC raised its stake in 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 valued at $41,000 after buying an additional 450 shares in the last quarter. Total Investment Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $43,000. Finally, Morton Brown Family Wealth LLC raised its position in shares of Schwab US Dividend Equity ETF by 41.2% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 1,635 shares of the company’s stock valued at $45,000 after acquiring an additional 477 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.9%

Shares of NYSEARCA:SCHD opened at $31.61 on Friday. The company has a market cap of $83.14 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.77. The firm has a 50-day simple moving average of $28.80 and a 200 day simple moving average of $27.75.

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.