Schwab US Dividend Equity ETF $SCHD Holdings Cut by Leavell Investment Management Inc.

Leavell Investment Management Inc. reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 394,779 shares of the company’s stock after selling 92,852 shares during the period. Leavell Investment Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SCHD. Kozak & Associates Inc. increased its position in Schwab US Dividend Equity ETF by 476.1% in the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock worth $31,000 after purchasing an additional 938 shares during the last quarter. PrairieView Partners LLC grew its stake in shares of Schwab US Dividend Equity ETF by 57.3% in the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after buying an additional 467 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in Schwab US Dividend Equity ETF by 241.9% in the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock worth $34,000 after buying an additional 907 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Schwab US Dividend Equity ETF during the second quarter valued at approximately $39,000. Finally, Independence Bank of Kentucky acquired a new stake in Schwab US Dividend Equity ETF in the third quarter valued at approximately $41,000.

Schwab US Dividend Equity ETF Stock Down 0.4%

SCHD stock opened at $28.90 on Friday. The firm has a 50 day moving average of $27.64 and a two-hundred day moving average of $27.34. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.11. The company has a market capitalization of $75.63 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77.

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.