Schwab US Dividend Equity ETF $SCHD Shares Sold by SpringVest Wealth Management LLC

SpringVest Wealth Management LLC trimmed its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 18.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,331 shares of the company’s stock after selling 19,016 shares during the quarter. Schwab US Dividend Equity ETF makes up about 1.8% of SpringVest Wealth Management LLC’s holdings, making the stock its 15th biggest position. SpringVest Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,182,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lederer & Associates Investment Counsel CA raised its holdings in Schwab US Dividend Equity ETF by 1.5% in the second quarter. Lederer & Associates Investment Counsel CA now owns 25,162 shares of the company’s stock valued at $667,000 after buying an additional 375 shares during the period. Madden Advisory Services Inc. grew its position in Schwab US Dividend Equity ETF by 0.3% in the second quarter. Madden Advisory Services Inc. now owns 113,315 shares of the company’s stock valued at $3,003,000 after acquiring an additional 383 shares in the last quarter. Bellevue Asset Management LLC grew its position in Schwab US Dividend Equity ETF by 1.2% in the second quarter. Bellevue Asset Management LLC now owns 33,109 shares of the company’s stock valued at $877,000 after acquiring an additional 389 shares in the last quarter. Cowa LLC grew its position in Schwab US Dividend Equity ETF by 0.3% in the first quarter. Cowa LLC now owns 121,867 shares of the company’s stock valued at $3,407,000 after acquiring an additional 394 shares in the last quarter. Finally, Gateway Wealth Partners LLC grew its position in Schwab US Dividend Equity ETF by 3.2% in the first quarter. Gateway Wealth Partners LLC now owns 12,883 shares of the company’s stock valued at $360,000 after acquiring an additional 400 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.4%

Shares of NYSEARCA:SCHD opened at $27.18 on Thursday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The company has a 50 day moving average of $27.34 and a two-hundred day moving average of $26.76. The company has a market capitalization of $71.22 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88.

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.