Hobbs Group Advisors LLC Sells 58,429 Shares of Schwab US Dividend Equity ETF $SCHD

Hobbs Group Advisors LLC lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 70.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,226 shares of the company’s stock after selling 58,429 shares during the period. Hobbs Group Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $642,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SCHD. Brighton Jones LLC lifted its stake in Schwab US Dividend Equity ETF by 404.6% during the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after purchasing an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Schwab US Dividend Equity ETF by 206.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after purchasing an additional 51,696 shares during the last quarter. Bison Wealth LLC lifted its stake 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 purchasing an additional 309,400 shares during the last quarter. CX Institutional bought a new stake in Schwab US Dividend Equity ETF during the first quarter worth about $367,000. Finally, NorthCrest Asset Manangement LLC lifted its stake in Schwab US Dividend Equity ETF by 14.4% during the first quarter. NorthCrest Asset Manangement LLC now owns 48,256 shares of the company’s stock worth $1,349,000 after purchasing an additional 6,074 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 1.7%

NYSEARCA SCHD opened at $26.54 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The stock has a 50-day moving average of $27.36 and a 200-day moving average of $26.73. The firm has a market cap of $69.35 billion, a PE ratio of 14.57 and a beta of 0.88.

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.