McGrath & Associates Inc. Sells 4,098 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

McGrath & Associates Inc. lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 121,238 shares of the company’s stock after selling 4,098 shares during the quarter. Schwab US Dividend Equity ETF makes up about 6.2% of McGrath & Associates Inc.’s investment portfolio, making the stock its 3rd biggest position. McGrath & Associates Inc.’s holdings in Schwab US Dividend Equity ETF were worth $3,390,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SCHD. Johnson & White Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 7.9% in the first quarter. Johnson & White Wealth Management LLC now owns 276,378 shares of the company’s stock valued at $7,728,000 after acquiring an additional 20,306 shares during the period. Park Edge Advisors LLC acquired a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth $1,520,000. TruWealth Advisors LLC grew its position in Schwab US Dividend Equity ETF by 5.0% during the 1st quarter. TruWealth Advisors LLC now owns 330,983 shares of the company’s stock worth $9,281,000 after purchasing an additional 15,892 shares during the last quarter. Teamwork Financial Advisors LLC grew its position in Schwab US Dividend Equity ETF by 76.9% during the 1st quarter. Teamwork Financial Advisors LLC now owns 103,211 shares of the company’s stock worth $2,886,000 after purchasing an additional 44,872 shares during the last quarter. Finally, Sendero Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 7.4% in the first quarter. Sendero Wealth Management LLC now owns 323,463 shares of the company’s stock valued at $9,044,000 after purchasing an additional 22,203 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $26.29 on Thursday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The firm has a 50-day simple moving average of $25.91 and a 200-day simple moving average of $27.30. The company has a market capitalization of $68.35 billion, a price-to-earnings ratio of 15.93 and a beta of 0.82.

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.