Claro Advisors LLC Cuts Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Claro Advisors LLC cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 30.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,815 shares of the company’s stock after selling 3,903 shares during the quarter. Claro Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MOKAN Wealth Management Inc. grew its stake in Schwab US Dividend Equity ETF by 4.9% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after acquiring an additional 6,985 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the first quarter worth approximately $384,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 343.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock worth $339,000 after purchasing an additional 9,382 shares during the period. Elevate Wealth Advisory Inc. grew its position in Schwab US Dividend Equity ETF by 7.4% during the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock valued at $1,593,000 after purchasing an additional 3,915 shares in the last quarter. Finally, Schaeffer Financial LLC increased its stake in Schwab US Dividend Equity ETF by 3.7% in the 1st quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock valued at $19,260,000 after buying an additional 24,751 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.2%

SCHD stock opened at $26.52 on Friday. The company has a 50 day moving average of $27.17 and a two-hundred day moving average of $26.84. The company has a market cap of $68.58 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72.

About Schwab US Dividend Equity ETF

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.