Wealthfront Advisers LLC Reduces Position in Schwab US Dividend Equity ETF $SCHD

Wealthfront Advisers LLC decreased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,453,546 shares of the company’s stock after selling 471,036 shares during the period. Schwab US Dividend Equity ETF accounts for 0.9% of Wealthfront Advisers LLC’s investment portfolio, making the stock its 21st biggest position. Wealthfront Advisers LLC’s holdings in Schwab US Dividend Equity ETF were worth $356,519,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SCHD. Kozak & Associates Inc. increased its position in Schwab US Dividend Equity ETF by 476.1% during the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock worth $31,000 after buying an additional 938 shares in the last quarter. PrairieView Partners LLC increased its position in Schwab US Dividend Equity ETF by 57.3% during the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after buying an additional 467 shares in the last quarter. Financial Management Professionals Inc. increased its position in Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock worth $34,000 after buying an additional 907 shares in the last quarter. Cooksen Wealth LLC purchased a new position in Schwab US Dividend Equity ETF during the first quarter worth $38,000. Finally, Optimum Investment Advisors increased its position in Schwab US Dividend Equity ETF by 57.6% during the first quarter. Optimum Investment Advisors now owns 1,381 shares of the company’s stock worth $39,000 after buying an additional 505 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $27.03 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The stock’s fifty day simple moving average is $27.34 and its 200-day simple moving average is $26.76. The stock has a market capitalization of $70.07 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88.

Schwab US Dividend Equity ETF 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.