MidAtlantic Capital Management Inc. Has $1.07 Million Holdings in Schwab US Dividend Equity ETF $SCHD

MidAtlantic Capital Management Inc. trimmed its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 41.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,310 shares of the company’s stock after selling 27,403 shares during the quarter. MidAtlantic Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ellis Investment Partners LLC grew its stake in shares of Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Ellis Investment Partners LLC now owns 34,365 shares of the company’s stock worth $938,000 after acquiring an additional 375 shares in the last quarter. Harbor Group Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 4.8% during the 3rd quarter. Harbor Group Inc. now owns 8,410 shares of the company’s stock worth $230,000 after buying an additional 383 shares during the period. Westside Investment Management Inc. grew its position in shares of Schwab US Dividend Equity ETF by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock worth $198,000 after purchasing an additional 383 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Schwab US Dividend Equity ETF by 3.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 12,384 shares of the company’s stock valued at $339,000 after buying an additional 402 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of Schwab US Dividend Equity ETF by 2.9% in the third quarter. Harbor Investment Advisory LLC now owns 14,432 shares of the company’s stock worth $394,000 after purchasing an additional 410 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.9%

NYSEARCA:SCHD opened at $31.61 on Friday. The stock’s 50-day simple moving average is $28.80 and its 200 day simple moving average is $27.75. The firm has a market capitalization of $83.14 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $31.77.

Schwab US Dividend Equity ETF Company 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.