GPM Growth Investors Inc. Sells 1,398 Shares of Schwab US Dividend Equity ETF $SCHD

GPM Growth Investors Inc. trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,990 shares of the company’s stock after selling 1,398 shares during the period. GPM Growth Investors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MOKAN Wealth Management Inc. increased its stake in 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 valued at $3,995,000 after acquiring an additional 6,985 shares during the period. Principal Financial Group Inc. acquired a new stake in Schwab US Dividend Equity ETF during the first quarter valued at approximately $384,000. Allspring Global Investments Holdings LLC boosted its holdings in 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 valued at $339,000 after purchasing an additional 9,382 shares in the last quarter. Elevate Wealth Advisory Inc. boosted its holdings in 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 valued at $1,593,000 after purchasing an additional 3,915 shares in the last quarter. Finally, Schaeffer Financial LLC boosted its holdings in 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 valued at $19,260,000 after purchasing an additional 24,751 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.3%

NYSEARCA SCHD opened at $27.12 on Tuesday. The stock’s 50 day moving average is $27.34 and its two-hundred day moving average is $26.78. The company has a market capitalization of $70.25 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year 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.