Capital Advisors Wealth Management LLC Cuts Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Capital Advisors Wealth Management LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,073 shares of the company’s stock after selling 325 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHD. Raleigh Capital Management Inc. acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $28,000. Voisard Asset Management Group Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $29,000. Signature Resources Capital Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $32,000. Bear Mountain Capital Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $34,000. Finally, Venturi Wealth Management LLC purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth about $44,000.

Schwab US Dividend Equity ETF Stock Up 1.4 %

Shares of NYSEARCA:SCHD traded up $1.11 during trading on Monday, reaching $79.23. The stock had a trading volume of 2,654,309 shares, compared to its average volume of 3,315,652. The stock has a market cap of $55.58 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The business has a fifty day moving average price of $77.98 and a 200-day moving average price of $77.50.

About Schwab US Dividend Equity ETF

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.