Kingswood Wealth Advisors LLC Lowers Stake in Schwab US Dividend Equity ETF $SCHD

Kingswood Wealth Advisors LLC reduced its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHDFree Report) by 36.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 56,270 shares of the company’s stock after selling 32,394 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,491,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCHD. Principal Financial Group Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the first quarter valued at about $384,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 343.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock valued at $339,000 after acquiring an additional 9,382 shares in the last quarter. Elevate Wealth Advisory Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 7.4% in the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock valued at $1,593,000 after acquiring an additional 3,915 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 1.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,654,619 shares of the company’s stock valued at $325,863,000 after acquiring an additional 182,749 shares in the last quarter. Finally, Schaeffer Financial LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.7% in the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock valued at $19,260,000 after acquiring an additional 24,751 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.2%

Shares of NYSEARCA:SCHD opened at $27.28 on Wednesday. The company has a market cap of $71.48 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. 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’s 50-day simple moving average is $27.34 and its 200-day simple moving average is $26.75.

About Schwab US Dividend Equity ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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