Charles Schwab Trust Bank Sells 1,562,608 Shares of Schwab US Dividend Equity ETF $SCHD

Charles Schwab Trust Bank lessened its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 43.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,017,759 shares of the company’s stock after selling 1,562,608 shares during the period. Schwab US Dividend Equity ETF makes up 100.0% of Charles Schwab Trust Bank’s portfolio, making the stock its biggest position. Charles Schwab Trust Bank owned about 0.08% of Schwab US Dividend Equity ETF worth $55,085,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Lederer & Associates Investment Counsel CA grew its holdings in shares of Schwab US Dividend Equity ETF by 1.5% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 25,162 shares of the company’s stock worth $667,000 after purchasing an additional 375 shares during the period. Madden Advisory Services Inc. lifted its position in Schwab US Dividend Equity ETF by 0.3% during the second quarter. Madden Advisory Services Inc. now owns 113,315 shares of the company’s stock valued at $3,003,000 after buying an additional 383 shares in the last quarter. Harbor Group Inc. lifted its position in Schwab US Dividend Equity ETF by 4.8% during the third quarter. Harbor Group Inc. now owns 8,410 shares of the company’s stock valued at $230,000 after buying an additional 383 shares in the last quarter. Bellevue Asset Management LLC grew its stake in Schwab US Dividend Equity ETF by 1.2% during the second quarter. Bellevue Asset Management LLC now owns 33,109 shares of the company’s stock worth $877,000 after buying an additional 389 shares during the period. Finally, Narwhal Capital Management increased its position in shares of Schwab US Dividend Equity ETF by 1.1% in the second quarter. Narwhal Capital Management now owns 36,495 shares of the company’s stock worth $967,000 after acquiring an additional 400 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.1%

Shares of SCHD stock opened at $27.73 on Friday. The company has a market cap of $71.71 billion, a PE ratio of 14.57 and a beta of 0.77. The company’s fifty day simple moving average is $27.28 and its 200-day simple moving average is $27.21. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week 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.