Cypress Wealth Services LLC Sells 1,771 Shares of Schwab US Dividend Equity ETF (SCHD)

Cypress Wealth Services LLC lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,658 shares of the company’s stock after selling 1,771 shares during the quarter. Cypress Wealth Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,042,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brand Asset Management Group Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $112,000. Vanguard Capital Wealth Advisors lifted its holdings in shares of Schwab US Dividend Equity ETF by 9.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 17,981 shares of the company’s stock valued at $983,000 after purchasing an additional 1,535 shares in the last quarter. Ronna Sue Cohen lifted its holdings in shares of Schwab US Dividend Equity ETF by 12.6% in the third quarter. Ronna Sue Cohen now owns 20,212 shares of the company’s stock valued at $1,071,000 after purchasing an additional 2,258 shares in the last quarter. Sheets Smith Wealth Management lifted its holdings in shares of Schwab US Dividend Equity ETF by 21.5% in the third quarter. Sheets Smith Wealth Management now owns 17,996 shares of the company’s stock valued at $954,000 after purchasing an additional 3,184 shares in the last quarter. Finally, Successful Portfolios LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $392,000.

Shares of NYSEARCA SCHD traded up $0.12 on Friday, hitting $50.56. The company’s stock had a trading volume of 648,259 shares, compared to its average volume of 867,249. Schwab US Dividend Equity ETF has a 12-month low of $47.08 and a 12-month high of $54.60.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Wednesday, September 26th were issued a $0.3668 dividend. This represents a $1.47 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Tuesday, September 25th.

Further Reading: Average Daily Trade Volume – What It Means In Stock Trading

Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD).

Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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