Kestra Investment Management LLC Decreases Position in Schwab US Dividend Equity ETF $SCHD

Kestra Investment Management LLC reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 59.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,933 shares of the company’s stock after selling 23,682 shares during the period. Kestra Investment Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $422,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC lifted its position in Schwab US Dividend Equity ETF by 404.6% in the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after acquiring an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Schwab US Dividend Equity ETF by 206.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after purchasing an additional 51,696 shares during the period. Bison Wealth LLC increased its position in Schwab US Dividend Equity ETF by 234.4% during the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after buying an additional 309,400 shares during the period. Russell Investments Group Ltd. lifted its stake in Schwab US Dividend Equity ETF by 46.4% in the first quarter. Russell Investments Group Ltd. now owns 33,274 shares of the company’s stock valued at $930,000 after buying an additional 10,542 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in Schwab US Dividend Equity ETF by 46.2% in the first quarter. Kovitz Investment Group Partners LLC now owns 50,115 shares of the company’s stock valued at $1,401,000 after buying an additional 15,829 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.3%

SCHD stock opened at $27.76 on Tuesday. The company has a market capitalization of $71.78 billion, a P/E ratio of 14.57 and a beta of 0.77. The business has a 50 day simple moving average of $27.10 and a 200-day simple moving average of $27.12. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $28.84.

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.