Milestone Investment Advisors LLC Cuts Stock Position in Schwab US Dividend Equity ETF $SCHD

Milestone Investment Advisors LLC trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,375 shares of the company’s stock after selling 15,496 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.4% of Milestone Investment Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Milestone Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. truNorth Financial Services Inc. grew its stake in Schwab US Dividend Equity ETF by 1.8% in the 1st quarter. truNorth Financial Services Inc. now owns 480,288 shares of the company’s stock valued at $14,735,000 after acquiring an additional 8,348 shares during the period. Good Harbor Advisors Inc. raised its position in Schwab US Dividend Equity ETF by 2.9% during the first quarter. Good Harbor Advisors Inc. now owns 158,906 shares of the company’s stock worth $4,875,000 after acquiring an additional 4,510 shares during the period. Harmony Asset Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 3.8% during the first quarter. Harmony Asset Management LLC now owns 9,585 shares of the company’s stock valued at $294,000 after purchasing an additional 354 shares in the last quarter. NFSG Corp lifted its holdings in Schwab US Dividend Equity ETF by 134.1% during the first quarter. NFSG Corp now owns 2,976 shares of the company’s stock valued at $91,000 after purchasing an additional 1,705 shares in the last quarter. Finally, Northstar Financial Companies Inc. grew its position in shares of Schwab US Dividend Equity ETF by 49.0% in the first quarter. Northstar Financial Companies Inc. now owns 28,267 shares of the company’s stock valued at $867,000 after purchasing an additional 9,291 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.4%

SCHD stock opened at $32.34 on Thursday. The stock has a market capitalization of $98.42 billion, a P/E ratio of 14.57 and a beta of 0.68. The firm has a 50-day simple moving average of $32.20 and a 200-day simple moving average of $31.01. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $32.92.

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.