Genesee Capital Advisors LLC Trims Holdings in Schwab US Dividend Equity ETF $SCHD

Genesee Capital Advisors LLC lowered its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 23.4% in the third quarter, Holdings Channel reports. The institutional investor owned 109,775 shares of the company’s stock after selling 33,529 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 1.3% of Genesee Capital Advisors LLC’s portfolio, making the stock its 18th biggest position. Genesee Capital Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Biltmore Family Office LLC grew its holdings in Schwab US Dividend Equity ETF by 116.4% during the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after acquiring an additional 524 shares in the last quarter. PrairieView Partners LLC lifted its position in shares of Schwab US Dividend Equity ETF by 57.3% during the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after purchasing an additional 467 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Schwab US Dividend Equity ETF in the second quarter worth about $39,000. Independence Bank of Kentucky acquired a new position in Schwab US Dividend Equity ETF in the third quarter worth about $41,000. Finally, True Wealth Design LLC increased its holdings in Schwab US Dividend Equity ETF by 42.9% in the third quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock valued at $41,000 after buying an additional 450 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.7%

NYSEARCA:SCHD opened at $29.37 on Wednesday. The company has a market cap of $77.10 billion, a PE ratio of 14.57 and a beta of 0.77. The business’s 50 day moving average is $27.92 and its two-hundred day moving average is $27.43. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.39.

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.