CGC Financial Services LLC Has $43.54 Million Stake in Schwab US Dividend Equity ETF $SCHD

CGC Financial Services LLC trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 29.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,594,721 shares of the company’s stock after selling 660,517 shares during the period. Schwab US Dividend Equity ETF makes up approximately 12.0% of CGC Financial Services LLC’s holdings, making the stock its 2nd largest holding. CGC Financial Services LLC owned approximately 0.06% of Schwab US Dividend Equity ETF worth $43,536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SCHD. Lederer & Associates Investment Counsel CA increased its position in shares of Schwab US Dividend Equity ETF by 1.5% during the second quarter. Lederer & Associates Investment Counsel CA now owns 25,162 shares of the company’s stock valued at $667,000 after purchasing an additional 375 shares during the period. Ellis Investment Partners LLC boosted its stake in Schwab US Dividend Equity ETF by 1.1% during the third quarter. Ellis Investment Partners LLC now owns 34,365 shares of the company’s stock worth $938,000 after buying an additional 375 shares in the last quarter. Madden Advisory Services Inc. increased its holdings in Schwab US Dividend Equity ETF by 0.3% in the 2nd 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 during the period. Harbor Group Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 4.8% in the 3rd 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. Finally, Bellevue Asset Management LLC raised its stake in shares of Schwab US Dividend Equity ETF by 1.2% in the 2nd quarter. Bellevue Asset Management LLC now owns 33,109 shares of the company’s stock valued at $877,000 after buying an additional 389 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $28.55 on Friday. The firm has a market cap of $74.65 billion, a P/E ratio of 14.57 and a beta of 0.77. The firm’s 50-day simple moving average is $27.41 and its 200-day simple moving average is $27.26. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $28.84.

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.