Schwab US Dividend Equity ETF $SCHD Shares Sold by Alley Investment Management Company LLC

Alley Investment Management Company LLC cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,570 shares of the company’s stock after selling 701 shares during the period. Alley Investment Management Company LLC’s holdings in Schwab US Dividend Equity ETF were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 404.6% in the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after purchasing an additional 84,262 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 206.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after purchasing an additional 51,696 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 234.4% in the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after purchasing an additional 309,400 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 2,394.1% in the first quarter. GAMMA Investing LLC now owns 243,252 shares of the company’s stock valued at $6,801,000 after purchasing an additional 233,499 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 26.4% in the first quarter. Harbor Investment Advisory LLC now owns 13,057 shares of the company’s stock valued at $365,000 after purchasing an additional 2,727 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.7%

Shares of Schwab US Dividend Equity ETF stock opened at $27.30 on Wednesday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The company has a 50 day moving average of $27.33 and a 200 day moving average of $26.77. The company has a market capitalization of $71.21 billion, a P/E 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.