Bell Investment Advisors Inc Reduces Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bell Investment Advisors Inc trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,431 shares of the company’s stock after selling 745 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 1.6% of Bell Investment Advisors Inc’s investment portfolio, making the stock its 15th largest position. Bell Investment Advisors Inc’s holdings in Schwab US Dividend Equity ETF were worth $8,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in shares of Schwab US Dividend Equity ETF during the first quarter valued at $25,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at $25,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Schwab US Dividend Equity ETF during the first quarter valued at $26,000. Iron Horse Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at $26,000. Finally, PFG Private Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at $27,000.

Schwab US Dividend Equity ETF Trading Down 0.6 %

Shares of SCHD opened at $82.54 on Thursday. The firm has a market capitalization of $57.90 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $84.57. The firm has a fifty day moving average price of $81.33 and a 200-day moving average price of $79.33.

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.