Schwab US Dividend Equity ETF $SCHD Position Cut by Clay Northam Wealth Management LLC

Clay Northam Wealth Management LLC decreased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 384,554 shares of the company’s stock after selling 5,841 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 6.5% of Clay Northam Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. Clay Northam Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $10,191,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SCHD. Principal Financial Group Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter valued at $384,000. Allspring Global Investments Holdings LLC increased its stake in Schwab US Dividend Equity ETF by 343.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock valued at $339,000 after purchasing an additional 9,382 shares during the period. Elevate Wealth Advisory Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 7.4% in the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock valued at $1,593,000 after buying an additional 3,915 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 1.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,654,619 shares of the company’s stock worth $325,863,000 after buying an additional 182,749 shares during the period. Finally, Schaeffer Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 3.7% during the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock worth $19,260,000 after buying an additional 24,751 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.8%

Shares of SCHD stock opened at $27.21 on Friday. The stock’s 50-day moving average price is $27.32 and its 200 day moving average price is $26.78. The stock has a market capitalization of $70.97 billion, a PE ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week 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.