Eastern Bank Sells 17,981 Shares of Schwab US Dividend Equity ETF $SCHD

Eastern Bank decreased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,531 shares of the company’s stock after selling 17,981 shares during the quarter. Eastern Bank’s holdings in Schwab US Dividend Equity ETF were worth $3,115,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SCHD. Zullo Investment Group Inc. raised its stake in Schwab US Dividend Equity ETF by 1.8% during the second quarter. Zullo Investment Group Inc. now owns 97,150 shares of the company’s stock worth $2,574,000 after buying an additional 1,747 shares during the last quarter. JB Capital LLC lifted its holdings in Schwab US Dividend Equity ETF by 19.7% in the second quarter. JB Capital LLC now owns 16,036 shares of the company’s stock valued at $425,000 after buying an additional 2,640 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 4.5% in the second quarter. Robertson Stephens Wealth Management LLC now owns 159,027 shares of the company’s stock valued at $4,214,000 after buying an additional 6,920 shares during the period. Aurora Private Wealth Inc. lifted its holdings in Schwab US Dividend Equity ETF by 4.3% in the second quarter. Aurora Private Wealth Inc. now owns 66,304 shares of the company’s stock valued at $1,757,000 after buying an additional 2,704 shares during the period. Finally, Mengis Capital Management Inc. lifted its holdings in Schwab US Dividend Equity ETF by 3.5% in the second quarter. Mengis Capital Management Inc. now owns 98,770 shares of the company’s stock valued at $2,617,000 after buying an additional 3,309 shares during the period.

Schwab US Dividend Equity ETF Stock Down 1.7%

SCHD stock opened at $26.54 on Friday. The firm has a market cap of $69.35 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The company’s fifty day simple moving average is $27.36 and its 200 day simple moving average is $26.74.

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.