HB Wealth Management LLC Decreases Position in Schwab US Dividend Equity ETF $SCHD

HB Wealth Management LLC trimmed its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,439,980 shares of the company’s stock after selling 84,123 shares during the quarter. HB Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $38,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Lederer & Associates Investment Counsel CA lifted its stake in shares of Schwab US Dividend Equity ETF by 1.5% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 25,162 shares of the company’s stock worth $667,000 after acquiring an additional 375 shares during the last quarter. Cowa LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 0.3% during the 1st quarter. Cowa LLC now owns 121,867 shares of the company’s stock worth $3,407,000 after acquiring an additional 394 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 3.2% during the 1st quarter. Gateway Wealth Partners LLC now owns 12,883 shares of the company’s stock worth $360,000 after acquiring an additional 400 shares during the last quarter. Clear Point Advisors Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 1.4% during the 1st quarter. Clear Point Advisors Inc. now owns 30,008 shares of the company’s stock worth $839,000 after acquiring an additional 404 shares during the last quarter. Finally, Mirador Capital Partners LP lifted its stake in shares of Schwab US Dividend Equity ETF by 2.0% during the 2nd quarter. Mirador Capital Partners LP now owns 20,644 shares of the company’s stock worth $547,000 after acquiring an additional 404 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.10 on Tuesday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The firm has a market capitalization of $70.68 billion, a P/E ratio of 14.57 and a beta of 0.88. The stock has a 50 day moving average price of $27.32 and a 200 day moving average price of $26.77.

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.