Valley National Advisers Inc. Reduces Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Valley National Advisers Inc. lowered its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,912 shares of the company’s stock after selling 683 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.6% of Valley National Advisers Inc.’s holdings, making the stock its 12th biggest position. Valley National Advisers Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,715,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SCHD. Raleigh Capital Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $28,000. Voisard Asset Management Group Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000. Signature Resources Capital Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $32,000. Bear Mountain Capital Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $34,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $44,000.

Schwab US Dividend Equity ETF Trading Down 0.3 %

NYSEARCA SCHD traded down $0.27 on Wednesday, reaching $77.18. 2,056,329 shares of the stock were exchanged, compared to its average volume of 3,308,233. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $80.82. The firm has a market capitalization of $54.14 billion, a PE ratio of 15.04 and a beta of 0.74. The company’s 50-day simple moving average is $78.10 and its two-hundred day simple moving average is $77.65.

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.