Schwab US Dividend Equity ETF $SCHD Stock: Orgel Wealth Management LLC Cuts Stake

Orgel Wealth Management LLC reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 272,367 shares of the company’s stock after selling 21,036 shares during the quarter. Orgel Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHD. Kellett Wealth Advisors LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 74.8% during the 3rd quarter. Kellett Wealth Advisors LLC now owns 637,860 shares of the company’s stock worth $20,750,000 after acquiring an additional 272,961 shares during the last quarter. KG Capital Management grew its position in Schwab US Dividend Equity ETF by 19.7% in the 3rd quarter. KG Capital Management now owns 76,416 shares of the company’s stock valued at $2,486,000 after acquiring an additional 12,571 shares during the last quarter. VMS Asset Management Limited bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $9,823,000. Howard Financial Services LTD. grew its position in Schwab US Dividend Equity ETF by 3.1% in the 3rd quarter. Howard Financial Services LTD. now owns 1,962,559 shares of the company’s stock valued at $63,842,000 after acquiring an additional 58,886 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. purchased a new stake in Schwab US Dividend Equity ETF in the third quarter worth $206,000.

Schwab US Dividend Equity ETF Stock Up 1.0%

SCHD stock opened at $33.71 on Thursday. Schwab US Dividend Equity ETF has a twelve month low of $26.32 and a twelve month high of $35.31. The firm has a market cap of $112.62 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The business’s fifty day simple moving average is $34.00 and its two-hundred day simple moving average is $32.71.

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.