Gradient Capital Advisors LLC Has $507,000 Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Gradient Capital Advisors LLC cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,753 shares of the company’s stock after selling 254 shares during the period. Gradient Capital Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $507,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UBS Asset Management Americas Inc. lifted its position in Schwab US Dividend Equity ETF by 39.7% during the second quarter. UBS Asset Management Americas Inc. now owns 781 shares of the company’s stock worth $41,000 after acquiring an additional 222 shares during the last quarter. Private Ocean LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $42,000. Liberty Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $43,000. HM Payson & Co. bought a new position in Schwab US Dividend Equity ETF in the second quarter valued at approximately $48,000. Finally, Rehmann Capital Advisory Group increased its stake in Schwab US Dividend Equity ETF by 59.4% in the second quarter. Rehmann Capital Advisory Group now owns 918 shares of the company’s stock valued at $49,000 after acquiring an additional 342 shares during the last quarter.

Shares of NYSEARCA:SCHD opened at $58.50 on Thursday. The company’s 50 day simple moving average is $57.65 and its 200 day simple moving average is $55.18. Schwab US Dividend Equity ETF has a 1 year low of $47.86 and a 1 year high of $58.67.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 13th were paid a $0.4658 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 3.18%. This is a boost from Schwab US Dividend Equity ETF’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, December 12th.

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

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