Asset Advisors Investment Management LLC Decreases Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Asset Advisors Investment Management LLC cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,722,385 shares of the company’s stock after selling 46,681 shares during the quarter. Schwab US Dividend Equity ETF makes up 7.1% of Asset Advisors Investment Management LLC’s holdings, making the stock its 2nd biggest holding. Asset Advisors Investment Management LLC owned approximately 0.10% of Schwab US Dividend Equity ETF worth $72,143,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Schwab US Dividend Equity ETF during the second quarter worth about $1,031,129,000. Wealthspire Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 95.2% during the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after buying an additional 14,410,724 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 6.8% during the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after buying an additional 2,470,706 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 37.5% during the 1st quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after buying an additional 2,069,007 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 6.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock worth $772,840,000 after buying an additional 1,637,300 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $27.34 on Friday. The stock has a market capitalization of $71.31 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The stock’s 50 day moving average price is $27.33 and its two-hundred day moving average price is $26.77.

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.