Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Prosperity Consulting Group LLC’s 7th Largest Position

Prosperity Consulting Group LLC trimmed its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 196,775 shares of the company’s stock after selling 6,493 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 2.1% of Prosperity Consulting Group LLC’s portfolio, making the stock its 7th biggest position. Prosperity Consulting Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $15,301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHD. Traynor Capital Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 53.6% during the first quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock worth $495,000 after purchasing an additional 2,142 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 332.8% in the 1st quarter. Concurrent Investment Advisors LLC now owns 19,005 shares of the company’s stock valued at $1,532,000 after purchasing an additional 14,614 shares during the period. Tidal Investments LLC purchased a new position in Schwab US Dividend Equity ETF during the 1st quarter worth approximately $310,000. O Shaughnessy Asset Management LLC lifted its stake in Schwab US Dividend Equity ETF by 576.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,859 shares of the company’s stock valued at $956,000 after buying an additional 10,106 shares during the last quarter. Finally, Commerce Bank increased its holdings in shares of Schwab US Dividend Equity ETF by 34.8% in the 4th quarter. Commerce Bank now owns 37,334 shares of the company’s stock valued at $2,842,000 after acquiring an additional 9,636 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $83.36 on Friday. The company has a 50-day simple moving average of $81.56 and a 200-day simple moving average of $79.40. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $84.57. The stock has a market capitalization of $58.48 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.