Schwab US Dividend Equity ETF $SCHD Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 18.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 156,452 shares of the company’s stock after selling 35,681 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MOKAN Wealth Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 4.9% in the second quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after purchasing an additional 6,985 shares during the period. Principal Financial Group Inc. purchased a new position in Schwab US Dividend Equity ETF in the 1st quarter valued at about $384,000. Allspring Global Investments Holdings LLC grew its stake in shares of Schwab US Dividend Equity ETF by 343.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock valued at $339,000 after acquiring an additional 9,382 shares in the last quarter. Elevate Wealth Advisory Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 7.4% during the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock valued at $1,593,000 after acquiring an additional 3,915 shares in the last quarter. Finally, Schaeffer Financial LLC increased its position 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 acquiring an additional 24,751 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $27.00 on Wednesday. The stock has a market cap of $69.94 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The business’s 50-day simple moving average is $27.33 and its 200 day simple moving average is $26.79.

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.