Schwab US Dividend Equity ETF $SCHD Shares Sold by Towercrest Capital Management

Towercrest Capital Management lowered its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.5% in the second quarter, HoldingsChannel reports. The firm owned 198,638 shares of the company’s stock after selling 9,462 shares during the quarter. Towercrest Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $5,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in SCHD. MOKAN Wealth Management Inc. raised its position 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 worth $3,995,000 after purchasing an additional 6,985 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the first quarter worth $384,000. Allspring Global Investments Holdings LLC raised its position in shares of Schwab US Dividend Equity ETF by 343.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock worth $339,000 after purchasing an additional 9,382 shares during the period. Elevate Wealth Advisory Inc. raised its position in shares of Schwab US Dividend Equity ETF by 7.4% during the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock worth $1,593,000 after purchasing an additional 3,915 shares during the period. Finally, Schaeffer Financial LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 3.7% during the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock valued at $19,260,000 after buying an additional 24,751 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $26.47 on Tuesday. The business’s 50-day moving average price is $27.24 and its two-hundred day moving average price is $26.84. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The company has a market capitalization of $68.52 billion, a P/E ratio of 14.57 and a beta of 0.77.

Schwab US Dividend Equity ETF 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.