Lodestar Private Asset Management LLC Reduces Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Lodestar Private Asset Management LLC lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 17.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 643,067 shares of the company’s stock after selling 133,255 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 1.9% of Lodestar Private Asset Management LLC’s holdings, making the stock its 14th biggest holding. Lodestar Private Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $19,729,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. boosted its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $25,000. Field & Main Bank bought a new position in Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000. Dynamic Wealth Strategies LLC bought a new position in Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000. Finally, Triumph Capital Management purchased a new stake in Schwab US Dividend Equity ETF in the third quarter worth about $33,000.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $32.39 on Friday. The stock’s 50 day simple moving average is $32.06 and its two-hundred day simple moving average is $30.72. The stock has a market cap of $97.46 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $32.92.

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.