Parallel Advisors LLC Has $12.33 Million Position in Schwab US Dividend Equity ETF $SCHD

Parallel Advisors LLC lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,970 shares of the company’s stock after selling 37,988 shares during the quarter. Parallel Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,332,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Decker Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF in the 1st quarter valued at about $3,854,000. Next Capital Management LLC increased its holdings in Schwab US Dividend Equity ETF by 1.3% during the 1st quarter. Next Capital Management LLC now owns 40,920 shares of the company’s stock worth $1,255,000 after purchasing an additional 539 shares in the last quarter. Regimen Wealth LLC increased its holdings in Schwab US Dividend Equity ETF by 27.8% during the 1st quarter. Regimen Wealth LLC now owns 928,347 shares of the company’s stock worth $28,482,000 after purchasing an additional 201,735 shares in the last quarter. Legacy Wealth Advisors LLC bought a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth approximately $2,470,000. Finally, Spartan Wealth Advisory Services LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the first quarter worth approximately $7,205,000.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $32.91 on Monday. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $33.50. The stock’s 50 day moving average is $32.26 and its 200-day moving average is $31.08. The firm has a market capitalization of $100.39 billion, a PE ratio of 14.57 and a beta of 0.68.

Schwab US Dividend Equity ETF 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.