Schwab US Dividend Equity ETF $SCHD Stock Sold by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC decreased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 528,834 shares of the company’s stock after selling 55,631 shares during the period. Schwab US Dividend Equity ETF comprises about 1.5% of Lodestar Private Asset Management LLC’s investment portfolio, making the stock its 18th biggest position. Lodestar Private Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $17,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SCHD. Cahaba Wealth Management Inc. purchased a new position in Schwab US Dividend Equity ETF in the third quarter worth $266,000. Oppenheimer & Co. Inc. purchased a new stake in Schwab US Dividend Equity ETF during the third quarter valued at about $19,500,000. Ballast Rock Private Wealth LLC raised its position in Schwab US Dividend Equity ETF by 8.1% during the third quarter. Ballast Rock Private Wealth LLC now owns 13,960 shares of the company’s stock valued at $454,000 after purchasing an additional 1,042 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $6,884,000. Finally, CPA Asset Management Group LLC lifted its stake in Schwab US Dividend Equity ETF by 21.1% during the third quarter. CPA Asset Management Group LLC now owns 246,154 shares of the company’s stock worth $8,007,000 after purchasing an additional 42,852 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.5%

SCHD opened at $35.12 on Wednesday. The stock has a 50-day moving average price of $34.09 and a 200-day moving average price of $32.22. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $35.45. The stock has a market capitalization of $117.94 billion, a P/E ratio of 14.57 and a beta of 0.68.

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.