SVA Plumb Wealth Management LLC Sells 2,540 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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SVA Plumb Wealth Management LLC lessened its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,128 shares of the company’s stock after selling 2,540 shares during the period. SVA Plumb Wealth Management LLC owned about 0.09% of Schwab US Dividend Equity ETF worth $7,215,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SCHD. Janney Montgomery Scott LLC boosted its position in Schwab US Dividend Equity ETF by 115.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 17,956 shares of the company’s stock worth $885,000 after purchasing an additional 9,616 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Schwab US Dividend Equity ETF by 10,449.5% during the 2nd quarter. Advisory Services Network LLC now owns 10,655 shares of the company’s stock valued at $547,000 after buying an additional 10,554 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 3.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 784,517 shares of the company’s stock valued at $38,669,000 after buying an additional 23,455 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Schwab US Dividend Equity ETF by 5.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 364,479 shares of the company’s stock valued at $17,965,000 after buying an additional 17,532 shares in the last quarter. Finally, CWM LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $1,100,000.

Shares of NYSEARCA:SCHD traded down $0.53 during midday trading on Friday, reaching $45.51. 3,915,070 shares of the company’s stock traded hands, compared to its average volume of 971,588. Schwab US Dividend Equity ETF has a 1 year low of $45.39 and a 1 year high of $54.60.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Thursday, December 13th were given a dividend of $0.4054 per share. This is a positive change from Schwab US Dividend Equity ETF’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, December 12th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.56%.

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Further Reading: Cash Flow Analysis in Stock Selection

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

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