SteelPeak Wealth LLC trimmed its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 59.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,844 shares of the company’s stock after selling 56,388 shares during the period. SteelPeak Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,132,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of SCHD. Raleigh Capital Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $28,000. Voisard Asset Management Group Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Signature Resources Capital Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $32,000. Bear Mountain Capital Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $34,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $44,000.
Schwab US Dividend Equity ETF Stock Performance
SCHD traded up $0.49 during trading on Friday, hitting $77.76. 3,536,614 shares of the stock were exchanged, compared to its average volume of 3,305,000. The firm has a 50 day simple moving average of $78.12 and a 200 day simple moving average of $77.62. The firm has a market cap of $54.55 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $80.82.
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.
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