Allworth Financial LP Sells 510,148 Shares of Schwab US Dividend Equity ETF $SCHD

Allworth Financial LP reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 34.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 985,149 shares of the company’s stock after selling 510,148 shares during the period. Allworth Financial LP’s holdings in Schwab US Dividend Equity ETF were worth $31,239,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new position in Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. bought a new stake in Schwab US Dividend Equity ETF in the second quarter worth $27,000. Dynamic Wealth Strategies LLC bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth $29,000. Ashton Thomas Securities LLC purchased a new stake in Schwab US Dividend Equity ETF during the first quarter valued at $32,000. Finally, Triumph Capital Management purchased a new stake in Schwab US Dividend Equity ETF during the third quarter valued at $33,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock traded down $0.39 during trading on Tuesday, hitting $34.41. 31,805,522 shares of the company’s stock traded hands, compared to its average volume of 22,420,320. The business has a fifty day simple moving average of $33.69 and a 200 day simple moving average of $32.28. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31. The stock has a market capitalization of $106.91 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.