McCarthy Asset Management Inc. Lowers Position in Schwab US Dividend Equity ETF $SCHD

McCarthy Asset Management Inc. lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 842,718 shares of the company’s stock after selling 39,588 shares during the quarter. Schwab US Dividend Equity ETF accounts for 15.2% of McCarthy Asset Management Inc.’s portfolio, making the stock its 3rd largest position. McCarthy Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $22,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Conservest Capital Advisors Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at $574,000. Burke & Herbert Bank & Trust Co. purchased a new stake in Schwab US Dividend Equity ETF during the second quarter valued at $288,000. Guardian Financial Partners LLC lifted its holdings in Schwab US Dividend Equity ETF by 5.5% in the second quarter. Guardian Financial Partners LLC now owns 284,751 shares of the company’s stock valued at $7,546,000 after acquiring an additional 14,810 shares during the period. Insight Wealth Partners LLC boosted its position in Schwab US Dividend Equity ETF by 17.7% in the second quarter. Insight Wealth Partners LLC now owns 35,884 shares of the company’s stock worth $951,000 after purchasing an additional 5,406 shares during the last quarter. Finally, Curio Wealth LLC increased its position in shares of Schwab US Dividend Equity ETF by 80,900.0% during the 2nd quarter. Curio Wealth LLC now owns 3,240 shares of the company’s stock valued at $86,000 after purchasing an additional 3,236 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $27.03 on Friday. The company’s 50 day moving average is $27.34 and its 200 day moving average is $26.76. The company has a market cap of $70.07 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.

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.