Schwab US Dividend Equity ETF $SCHD Shares Sold by Salomon & Ludwin LLC

Salomon & Ludwin LLC lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.9% during the 2nd quarter, Holdings Channel reports. The firm owned 21,374 shares of the company’s stock after selling 1,095 shares during the period. Salomon & Ludwin LLC’s holdings in Schwab US Dividend Equity ETF were worth $584,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MOKAN Wealth Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 4.9% during the second quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock worth $3,995,000 after buying an additional 6,985 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the first quarter worth approximately $384,000. Allspring Global Investments Holdings LLC increased its stake in shares of Schwab US Dividend Equity ETF by 343.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock worth $339,000 after buying an additional 9,382 shares during the period. Elevate Wealth Advisory Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 7.4% during the first quarter. Elevate Wealth Advisory Inc. now owns 56,983 shares of the company’s stock worth $1,593,000 after buying an additional 3,915 shares during the period. Finally, Schaeffer Financial LLC increased its stake in shares of Schwab US Dividend Equity ETF by 3.7% during the first quarter. Schaeffer Financial LLC now owns 688,852 shares of the company’s stock worth $19,260,000 after buying an additional 24,751 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $26.79 on Friday. The company’s 50 day moving average price is $27.36 and its 200 day moving average price is $26.70. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The firm has a market capitalization of $69.65 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88.

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.