Delap Wealth Advisory LLC Reduces Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Delap Wealth Advisory LLC trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,717 shares of the company’s stock after selling 502 shares during the quarter. Delap Wealth Advisory LLC’s holdings in Schwab US Dividend Equity ETF were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Gunma Bank Ltd. boosted its stake in Schwab US Dividend Equity ETF by 38.3% during the first quarter. Gunma Bank Ltd. now owns 325,000 shares of the company’s stock worth $9,087,000 after buying an additional 90,000 shares during the period. Golden Reserve Retirement LLC purchased a new position in Schwab US Dividend Equity ETF during the first quarter worth $42,154,000. First Foundation Advisors boosted its stake in Schwab US Dividend Equity ETF by 11.4% during the first quarter. First Foundation Advisors now owns 13,797 shares of the company’s stock worth $386,000 after buying an additional 1,410 shares during the period. FSA Advisors Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 171.8% during the first quarter. FSA Advisors Inc. now owns 20,947 shares of the company’s stock worth $586,000 after purchasing an additional 13,240 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 1.9% during the first quarter. Federated Hermes Inc. now owns 23,269 shares of the company’s stock worth $651,000 after purchasing an additional 424 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.1%

NYSEARCA:SCHD opened at $27.17 on Wednesday. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. The stock has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $26.97.

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.