Lodestar Private Asset Management LLC Sells 11,622 Shares of Schwab US Dividend Equity ETF $SCHD

Lodestar Private Asset Management LLC lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 1,174,249 shares of the company’s stock after selling 11,622 shares during the quarter. Schwab US Dividend Equity ETF makes up about 3.6% of Lodestar Private Asset Management LLC’s portfolio, making the stock its 4th largest holding. Lodestar Private Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $31,118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at about $1,031,129,000. LPL Financial LLC increased its position in Schwab US Dividend Equity ETF by 6.8% in the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after acquiring an additional 2,470,706 shares during the period. Wealthspire Advisors LLC increased its position 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 valued at $826,353,000 after acquiring an additional 14,410,724 shares during the period. Avantax Advisory Services Inc. increased its position in Schwab US Dividend Equity ETF by 6.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock valued at $772,840,000 after acquiring an additional 1,637,300 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Schwab US Dividend Equity ETF by 0.7% in the 1st quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock valued at $491,196,000 after acquiring an additional 113,330 shares during the period.

Schwab US Dividend Equity ETF Stock Down 1.7%

Shares of SCHD stock opened at $26.54 on Friday. The stock has a market capitalization of $69.35 billion, a PE ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The stock’s 50-day moving average price is $27.36 and its 200 day moving average price is $26.73.

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.