Granite Bay Wealth Management LLC Trims Holdings in Schwab US Dividend Equity ETF $SCHD

Granite Bay Wealth Management LLC trimmed its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 35.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,483 shares of the company’s stock after selling 7,268 shares during the quarter. Granite Bay Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in Schwab US Dividend Equity ETF in the 1st quarter worth approximately $384,000. Allspring Global Investments Holdings LLC increased its holdings in Schwab US Dividend Equity ETF by 343.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock worth $339,000 after acquiring an additional 9,382 shares in the last quarter. Copley Financial Group Inc. increased its holdings in Schwab US Dividend Equity ETF by 308.2% in the 4th quarter. Copley Financial Group Inc. now owns 13,687 shares of the company’s stock worth $374,000 after acquiring an additional 10,334 shares in the last quarter. Elevate Wealth Advisory Inc. increased its holdings in Schwab US Dividend Equity ETF by 7.4% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock worth $1,593,000 after acquiring an additional 3,915 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Schwab US Dividend Equity ETF by 1.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,654,619 shares of the company’s stock worth $325,863,000 after acquiring an additional 182,749 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.9%

Schwab US Dividend Equity ETF stock opened at $27.48 on Monday. The firm has a 50 day moving average of $27.30 and a 200 day moving average of $26.82. The firm has a market capitalization of $71.68 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72.

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.