Lodestar Private Asset Management LLC Sells 55,631 Shares of Schwab US Dividend Equity ETF $SCHD

Lodestar Private Asset Management LLC decreased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.5% in the third quarter, Holdings Channel.com reports. The firm owned 528,834 shares of the company’s stock after selling 55,631 shares during the period. Schwab US Dividend Equity ETF makes up approximately 1.5% of Lodestar Private Asset Management LLC’s investment portfolio, making the stock its 18th biggest position. Lodestar Private Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $17,203,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in Schwab US Dividend Equity ETF by 2.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after purchasing an additional 354,983 shares during the period. Cassaday & Co Wealth Management LLC lifted its stake in Schwab US Dividend Equity ETF by 3.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after purchasing an additional 324,778 shares during the last quarter. Royal Bank of Canada lifted its stake in Schwab US Dividend Equity ETF by 8.3% in the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after purchasing an additional 660,876 shares during the last quarter. Keystone Financial Planning Inc. boosted its position in Schwab US Dividend Equity ETF by 0.5% during the third quarter. Keystone Financial Planning Inc. now owns 6,279,518 shares of the company’s stock valued at $204,273,000 after buying an additional 29,169 shares during the period. Finally, Keybank National Association OH boosted its position in Schwab US Dividend Equity ETF by 7.9% during the first quarter. Keybank National Association OH now owns 3,836,791 shares of the company’s stock valued at $117,713,000 after buying an additional 280,129 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.5%

Shares of NYSEARCA:SCHD opened at $35.12 on Wednesday. The stock’s 50-day moving average price is $34.09 and its 200-day moving average price is $32.22. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $35.45. The stock has a market capitalization of $117.94 billion, a P/E ratio of 14.57 and a beta of 0.68.

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.