Schwab US Dividend Equity ETF $SCHD Holdings Lessened by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 29.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,131,527 shares of the company’s stock after selling 475,584 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 8.7% of Adamsbrown Wealth Consultants LLC’s portfolio, making the stock its 2nd biggest holding. Adamsbrown Wealth Consultants LLC’s holdings in Schwab US Dividend Equity ETF were worth $29,985,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHD. Wealthspire Advisors LLC raised its holdings in Schwab US Dividend Equity ETF by 95.2% in the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after purchasing an additional 14,410,724 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Schwab US Dividend Equity ETF by 216.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,471,870 shares of the company’s stock worth $313,411,000 after buying an additional 7,842,532 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Schwab US Dividend Equity ETF by 217.5% in the fourth quarter. Royal Bank of Canada now owns 9,079,918 shares of the company’s stock worth $248,063,000 after buying an additional 6,219,756 shares during the period. LPL Financial LLC raised its stake in shares of Schwab US Dividend Equity ETF by 6.8% in the first quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after buying an additional 2,470,706 shares during the period. Finally, Charles Schwab Trust Bank lifted its position in shares of Schwab US Dividend Equity ETF by 143.2% during the 4th quarter. Charles Schwab Trust Bank now owns 3,955,650 shares of the company’s stock valued at $108,068,000 after buying an additional 2,329,341 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.9%

Schwab US Dividend Equity ETF stock opened at $27.48 on Monday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The firm has a market capitalization of $71.68 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. The firm has a 50 day moving average of $27.30 and a 200 day moving average of $26.82.

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.