Pinnacle Associates Ltd. Decreases Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Pinnacle Associates Ltd. trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,527,743 shares of the company’s stock after selling 40,631 shares during the period. Pinnacle Associates Ltd. owned approximately 0.06% of Schwab US Dividend Equity ETF worth $40,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Lederer & Associates Investment Counsel CA raised its holdings in shares of Schwab US Dividend Equity ETF by 1.5% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 25,162 shares of the company’s stock worth $667,000 after acquiring an additional 375 shares in the last quarter. Madden Advisory Services Inc. raised its position in Schwab US Dividend Equity ETF by 0.3% during the second quarter. Madden Advisory Services Inc. now owns 113,315 shares of the company’s stock valued at $3,003,000 after purchasing an additional 383 shares during the period. Bellevue Asset Management LLC raised its position in Schwab US Dividend Equity ETF by 1.2% during the second quarter. Bellevue Asset Management LLC now owns 33,109 shares of the company’s stock valued at $877,000 after purchasing an additional 389 shares during the period. Cowa LLC raised its position in Schwab US Dividend Equity ETF by 0.3% during the first quarter. Cowa LLC now owns 121,867 shares of the company’s stock valued at $3,407,000 after purchasing an additional 394 shares during the period. Finally, Gateway Wealth Partners LLC raised its position in Schwab US Dividend Equity ETF by 3.2% during the first quarter. Gateway Wealth Partners LLC now owns 12,883 shares of the company’s stock valued at $360,000 after purchasing an additional 400 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $26.68 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The stock’s 50 day simple moving average is $27.29 and its two-hundred day simple moving average is $26.80. The company has a market cap of $69.03 billion, a PE ratio of 14.57 and a beta of 0.77.

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.