LS Investment Advisors LLC Cuts Stake in Schwab US Dividend Equity ETF $SCHD

LS Investment Advisors LLC reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 32.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,280 shares of the company’s stock after selling 52,825 shares during the quarter. LS Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kozak & Associates Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 476.1% in the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock worth $31,000 after purchasing an additional 938 shares during the period. Financial Management Professionals Inc. lifted its holdings in Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock worth $34,000 after buying an additional 907 shares during the period. PrairieView Partners LLC boosted its position in Schwab US Dividend Equity ETF by 57.3% during the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after acquiring an additional 467 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at $39,000. Finally, Independence Bank of Kentucky bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $41,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $27.73 on Monday. The stock’s 50-day moving average is $27.28 and its 200 day moving average is $27.21. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $28.84. The company has a market cap of $72.34 billion, a P/E ratio of 14.57 and a beta of 0.77.

Schwab US Dividend Equity ETF 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.