Sound Income Strategies LLC has recently adjusted its investment in the Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report), reducing its position by 18.7% during the second quarter. According to a report from Holdings Channel.com, the institutional investor now holds 6,219 shares after selling 1,428 shares in this period. As of its latest filing with the Securities and Exchange Commission, Sound Income Strategies LLC’s stake in the ETF is valued at approximately $165,000.
Other institutional investors have also made significant changes to their holdings in the Schwab US Dividend Equity ETF. For instance, Opal Wealth Advisors LLC acquired a new stake during the first quarter, investing $27,000. Meanwhile, Kozak & Associates Inc. increased its holdings by an impressive 476.1% in the second quarter, now owning 1,135 shares valued at $31,000 after purchasing an additional 938 shares. Similarly, Financial Management Professionals Inc. raised its stake by 241.9%, owning 1,282 shares worth $34,000 after acquiring 907 additional shares during the same period. Cooksen Wealth LLC also entered the fray, investing $38,000 in a new stake during the first quarter. Lastly, Optimum Investment Advisors boosted its holdings by 57.6% in the first quarter, now owning 1,381 shares valued at $39,000 after purchasing 505 more shares.
Schwab US Dividend Equity ETF Price Performance
On Wednesday, shares of the Schwab US Dividend Equity ETF opened at $27.30. The ETF has experienced a fifty-two week low of $23.87 and a high of $29.72. Currently, it boasts a fifty-day moving average price of $27.33 and a two-hundred-day moving average price of $26.77. With a market capitalization of $71.21 billion, the ETF has a price-to-earnings (PE) ratio of 14.57 and a beta of 0.88, indicating its relative volatility compared to the market.
Schwab US Dividend Equity ETF Profile
The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that tracks the Dow Jones U.S. Dividend 100 Index, which comprises 100 dividend-paying U.S. equities. Launched on October 20, 2011, this ETF is managed by Schwab, providing investors with a diversified portfolio focused on income generation through dividends.
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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com for the latest 13F filings and insider trades related to the Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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