Prospect Financial Services LLC Decreases Stock Position in Schwab US Dividend Equity ETF $SCHD

Prospect Financial Services LLC lessened its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,575 shares of the company’s stock after selling 3,046 shares during the period. Schwab US Dividend Equity ETF accounts for 1.1% of Prospect Financial Services LLC’s investment portfolio, making the stock its 25th largest position. Prospect Financial Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,897,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHD. Kozak & Associates Inc. lifted its holdings in Schwab US Dividend Equity ETF by 476.1% during the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after purchasing an additional 938 shares during the last quarter. PrairieView Partners LLC increased its stake in shares of Schwab US Dividend Equity ETF by 57.3% in the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after purchasing an additional 467 shares in the last quarter. Financial Management Professionals Inc. raised its position in shares of Schwab US Dividend Equity ETF by 241.9% in the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after purchasing an additional 907 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Schwab US Dividend Equity ETF in the second quarter valued at approximately $39,000. Finally, Keystone Global Partners LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at approximately $56,000.

Schwab US Dividend Equity ETF Trading Up 0.1%

SCHD opened at $27.22 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The company has a market cap of $70.39 billion, a PE ratio of 14.57 and a beta of 0.77. The company has a 50 day moving average of $27.09 and a 200 day moving average of $26.89.

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.