Zhang Financial LLC Cuts Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Zhang Financial LLC trimmed its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 23.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,553 shares of the company’s stock after selling 16,748 shares during the period. Zhang Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,472,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in Schwab US Dividend Equity ETF during the second quarter valued at $1,031,129,000. LPL Financial LLC lifted its position in Schwab US Dividend Equity ETF by 6.8% during the first quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after purchasing an additional 2,470,706 shares during the last quarter. Wealthspire Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 95.2% during the first quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock valued at $826,353,000 after purchasing an additional 14,410,724 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in Schwab US Dividend Equity ETF by 6.3% during the first quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock valued at $772,840,000 after purchasing an additional 1,637,300 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Schwab US Dividend Equity ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock valued at $509,221,000 after purchasing an additional 1,083,206 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.4%

SCHD stock opened at $27.00 on Wednesday. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72. The company has a fifty day simple moving average of $27.33 and a two-hundred day simple moving average of $26.79. The firm has a market capitalization of $69.94 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.