Horizon Investment Services LLC Decreases Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Horizon Investment Services LLC trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,826 shares of the company’s stock after selling 634 shares during the period. Horizon Investment Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Advisory Inc. increased its position in shares of Schwab US Dividend Equity ETF by 0.4% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock valued at $783,833,000 after purchasing an additional 40,493 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in shares of Schwab US Dividend Equity ETF by 41.5% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 8,940,000 shares of the company’s stock valued at $677,625,000 after purchasing an additional 2,620,000 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Schwab US Dividend Equity ETF by 4.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock valued at $626,914,000 after purchasing an additional 299,496 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Schwab US Dividend Equity ETF by 2.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,851,505 shares of the company’s stock valued at $455,013,000 after purchasing an additional 139,020 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Schwab US Dividend Equity ETF by 7.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 4,444,733 shares of the company’s stock valued at $358,379,000 after purchasing an additional 292,782 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $82.74 on Friday. The company has a market cap of $58.04 billion, a P/E ratio of 15.04 and a beta of 0.74. The business’s 50 day moving average price is $80.91 and its 200-day moving average price is $79.17. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $84.57.

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.