Wealthspire Advisors LLC Decreases Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Wealthspire Advisors LLC cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,982,800 shares of the company’s stock after selling 572,036 shares during the period. Schwab US Dividend Equity ETF accounts for 4.3% of Wealthspire Advisors LLC’s holdings, making the stock its 5th biggest holding. Wealthspire Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $768,044,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lederer & Associates Investment Counsel CA lifted its holdings in shares of Schwab US Dividend Equity ETF by 1.5% in the second quarter. Lederer & Associates Investment Counsel CA now owns 25,162 shares of the company’s stock worth $667,000 after buying an additional 375 shares in the last quarter. Madden Advisory Services Inc. grew its stake in Schwab US Dividend Equity ETF by 0.3% during the second quarter. Madden Advisory Services Inc. now owns 113,315 shares of the company’s stock valued at $3,003,000 after acquiring an additional 383 shares in the last quarter. Bellevue Asset Management LLC increased its holdings in Schwab US Dividend Equity ETF by 1.2% in the 2nd quarter. Bellevue Asset Management LLC now owns 33,109 shares of the company’s stock valued at $877,000 after acquiring an additional 389 shares during the last quarter. Cowa LLC increased its holdings in Schwab US Dividend Equity ETF by 0.3% in the 1st quarter. Cowa LLC now owns 121,867 shares of the company’s stock valued at $3,407,000 after acquiring an additional 394 shares during the last quarter. Finally, Narwhal Capital Management lifted its stake in Schwab US Dividend Equity ETF by 1.1% in the 2nd quarter. Narwhal Capital Management now owns 36,495 shares of the company’s stock worth $967,000 after purchasing an additional 400 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.9%

SCHD opened at $27.00 on Tuesday. The company has a market capitalization of $69.82 billion, a PE ratio of 14.57 and a beta of 0.77. The firm has a 50-day simple moving average of $27.07 and a two-hundred day simple moving average of $26.93. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week 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.