Synergy Investment Management LLC Sells 432,423 Shares of Schwab US Dividend Equity ETF $SCHD

Synergy Investment Management LLC lessened its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 81.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,635 shares of the company’s stock after selling 432,423 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 1.1% of Synergy Investment Management LLC’s portfolio, making the stock its 27th largest holding. Synergy Investment Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,775,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Biltmore Family Office LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 116.4% in 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 during the last quarter. Independence Bank of Kentucky purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth $41,000. True Wealth Design LLC lifted its stake 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 worth $41,000 after purchasing an additional 450 shares during the last quarter. Total Investment Management Inc. bought a new stake in Schwab US Dividend Equity ETF in the second quarter worth $43,000. Finally, Morton Brown Family Wealth LLC boosted its position in Schwab US Dividend Equity ETF by 41.2% during the third quarter. Morton Brown Family Wealth LLC now owns 1,635 shares of the company’s stock valued at $45,000 after buying an additional 477 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.4%

SCHD opened at $31.56 on Thursday. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $31.88. The business’s 50-day moving average price is $29.04 and its 200-day moving average price is $27.86. The company has a market cap of $83.01 billion, a P/E ratio of 14.57 and a beta of 0.77.

About Schwab US Dividend Equity ETF

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.