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

Steele Capital Management Inc. cut its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,174,403 shares of the company’s stock after selling 48,794 shares during the period. Schwab US Dividend Equity ETF makes up approximately 1.4% of Steele Capital Management Inc.’s investment portfolio, making the stock its 20th biggest position. Steele Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $32,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. MOKAN Wealth Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 4.9% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after purchasing an additional 6,985 shares during the period. Advisory Resource Group grew its holdings in shares of 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 in the last quarter. DMKC Advisory Services LLC raised its stake in shares of Schwab US Dividend Equity ETF by 10.6% during the 3rd quarter. DMKC Advisory Services LLC now owns 219,680 shares of the company’s stock worth $5,997,000 after purchasing an additional 20,989 shares in the last quarter. Welch Group LLC lifted its stake in Schwab US Dividend Equity ETF by 44.7% in the second quarter. Welch Group LLC now owns 11,724 shares of the company’s stock valued at $311,000 after acquiring an additional 3,624 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 13.2% in the second quarter. AE Wealth Management LLC now owns 321,104 shares of the company’s stock worth $8,509,000 after purchasing an additional 37,403 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $28.55 on Friday. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $28.84. The business’s 50-day simple moving average is $27.41 and its 200-day simple moving average is $27.26. The firm has a market cap of $74.65 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77.

Schwab US Dividend Equity ETF Company Profile

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.