Valley National Advisers Inc. Sells 683 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Valley National Advisers Inc. lowered its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,912 shares of the company’s stock after selling 683 shares during the period. Schwab US Dividend Equity ETF makes up about 1.6% of Valley National Advisers Inc.’s holdings, making the stock its 12th biggest position. Valley National Advisers Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,715,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SCHD. Whitaker Myers Wealth Managers LTD. boosted its holdings in shares of Schwab US Dividend Equity ETF by 12.3% in the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 203,264 shares of the company’s stock worth $15,475,000 after acquiring an additional 22,221 shares during the period. FMR LLC boosted its stake in Schwab US Dividend Equity ETF by 22.7% in the 3rd quarter. FMR LLC now owns 64,312 shares of the company’s stock worth $4,551,000 after purchasing an additional 11,906 shares during the period. Traynor Capital Management Inc. grew its holdings in Schwab US Dividend Equity ETF by 53.6% during the 1st quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock valued at $495,000 after buying an additional 2,142 shares in the last quarter. Apexium Financial LP increased its position in shares of Schwab US Dividend Equity ETF by 27.0% during the fourth quarter. Apexium Financial LP now owns 287,086 shares of the company’s stock valued at $21,856,000 after buying an additional 60,972 shares during the period. Finally, Procyon Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 9.9% in the fourth quarter. Procyon Advisors LLC now owns 4,440 shares of the company’s stock worth $338,000 after buying an additional 401 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.3 %

NYSEARCA:SCHD traded down $0.27 during mid-day trading on Wednesday, hitting $77.18. 2,056,329 shares of the stock traded hands, compared to its average volume of 3,308,233. The business’s 50-day moving average price is $78.10 and its 200 day moving average price is $77.65. The company has a market cap of $54.14 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $80.82.

Schwab US Dividend Equity ETF 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.