Harbour Investments Inc. Sells 493,942 Shares of Schwab US Dividend Equity ETF $SCHD

Harbour Investments Inc. lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 20.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,903,535 shares of the company’s stock after selling 493,942 shares during the period. Schwab US Dividend Equity ETF accounts for 1.3% of Harbour Investments Inc.’s portfolio, making the stock its 10th largest holding. Harbour Investments Inc. owned 0.07% of Schwab US Dividend Equity ETF worth $50,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. RFG Advisory LLC grew its holdings in Schwab US Dividend Equity ETF by 8.8% during the second quarter. RFG Advisory LLC now owns 868,854 shares of the company’s stock valued at $23,025,000 after purchasing an additional 70,580 shares during the last quarter. Moran Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF by 9.6% during the second quarter. Moran Wealth Management LLC now owns 164,167 shares of the company’s stock valued at $4,350,000 after purchasing an additional 14,435 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Schwab US Dividend Equity ETF by 25.2% during the second quarter. Revolve Wealth Partners LLC now owns 96,010 shares of the company’s stock valued at $2,544,000 after purchasing an additional 19,353 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV grew its holdings in Schwab US Dividend Equity ETF by 31.6% during the second quarter. Acorn Financial Advisory Services Inc. ADV now owns 14,756 shares of the company’s stock valued at $391,000 after purchasing an additional 3,545 shares during the last quarter. Finally, Kellett Wealth Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 6.1% during the second quarter. Kellett Wealth Advisors LLC now owns 193,426 shares of the company’s stock valued at $5,126,000 after purchasing an additional 11,198 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.9%

SCHD opened at $26.87 on Wednesday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The stock has a market capitalization of $70.16 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. The business has a 50 day moving average of $27.36 and a 200-day moving average of $26.72.

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.