Wealth Architects LLC Lowers Holdings in Schwab US Dividend Equity ETF $SCHD

Wealth Architects LLC decreased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,098 shares of the company’s stock after selling 557 shares during the quarter. Wealth Architects LLC’s holdings in Schwab US Dividend Equity ETF were worth $241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHD. Kingstone Capital Partners Texas LLC purchased a new stake in Schwab US Dividend Equity ETF in the 2nd quarter valued at about $1,031,129,000. Wealthspire Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 95.2% in the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock valued at $826,353,000 after buying an additional 14,410,724 shares during the period. RMG Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF in the 2nd quarter valued at about $132,621,000. LPL Financial LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 6.8% in the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after purchasing an additional 2,470,706 shares in the last quarter. Finally, Cresset Asset Management LLC grew 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 purchasing an additional 2,069,007 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $26.54 on Monday. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The stock has a market capitalization of $69.30 billion, a P/E ratio of 14.57 and a beta of 0.88. The stock has a 50-day simple moving average of $27.36 and a 200-day simple moving average of $26.73.

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.