Islay Capital Management LLC Sells 71,349 Shares of Schwab US Dividend Equity ETF $SCHD

Islay Capital Management LLC trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 407,788 shares of the company’s stock after selling 71,349 shares during the quarter. Schwab US Dividend Equity ETF accounts for 6.2% of Islay Capital Management LLC’s holdings, making the stock its 2nd biggest position. Islay Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $13,265,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SCHD. Envestnet Asset Management Inc. lifted its position in Schwab US Dividend Equity ETF by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after buying an additional 354,983 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 3.5% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares during the period. Royal Bank of Canada increased its stake in shares of Schwab US Dividend Equity ETF by 8.3% during the 1st 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. raised its stake in Schwab US Dividend Equity ETF by 0.5% in 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, HHM Wealth Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 2.8% during the 1st quarter. HHM Wealth Advisors LLC now owns 5,156,506 shares of the company’s stock worth $158,202,000 after acquiring an additional 138,225 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD traded up $0.35 on Tuesday, reaching $34.59. The stock had a trading volume of 12,536,208 shares, compared to its average volume of 22,405,313. The company has a market cap of $115.72 billion, a P/E ratio of 14.57 and a beta of 0.68. The firm has a fifty day moving average of $34.01 and a two-hundred day moving average of $32.79. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.31.

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.