Bank of America Corp DE Sells 2,208,571 Shares of Schwab US Dividend Equity ETF $SCHD

Bank of America Corp DE decreased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,352,037 shares of the company’s stock after selling 2,208,571 shares during the quarter. Bank of America Corp DE owned about 1.02% of Schwab US Dividend Equity ETF worth $719,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Biltmore Family Office LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 116.4% in the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after purchasing an additional 524 shares during the period. Reyes Financial Architecture Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 1,903.1% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after purchasing an additional 1,237 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth approximately $41,000. True Wealth Design LLC grew its stake in Schwab US Dividend Equity ETF by 42.9% during the third quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after purchasing an additional 450 shares during the period. Finally, Total Investment Management Inc. bought a new stake in Schwab US Dividend Equity ETF in the second quarter worth approximately $43,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $30.87 on Tuesday. The firm has a market cap of $81.20 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $31.95. The business’s 50 day moving average price is $30.38 and its two-hundred day moving average price is $28.37.

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.