49 Wealth Management LLC Sells 3,087 Shares of Schwab US Dividend Equity ETF $SCHD

49 Wealth Management LLC trimmed its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 16.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,101 shares of the company’s stock after selling 3,087 shares during the quarter. 49 Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of 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 increased its position in 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 valued at $826,353,000 after buying an additional 14,410,724 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $132,621,000. LPL Financial LLC grew its stake in 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 valued at $1,084,442,000 after purchasing an additional 2,470,706 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 37.5% during the first 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 last quarter.

Schwab US Dividend Equity ETF Stock Up 0.8%

Schwab US Dividend Equity ETF stock opened at $26.72 on Monday. The business’s 50-day moving average price is $27.14 and its 200 day moving average price is $26.87. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72. The firm has a market cap of $69.09 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.