Valley Forge Investment Consultants Inc. ADV Trims Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Valley Forge Investment Consultants Inc. ADV lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.4% in the second quarter, Holdings Channel reports. The institutional investor owned 65,729 shares of the company’s stock after selling 3,749 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 1.9% of Valley Forge Investment Consultants Inc. ADV’s holdings, making the stock its 10th largest position. Valley Forge Investment Consultants Inc. ADV’s holdings in Schwab US Dividend Equity ETF were worth $5,111,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the second quarter worth $25,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in Schwab US Dividend Equity ETF in the first quarter valued at $26,000. Iron Horse Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth $26,000. Finally, PFG Private Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth about $27,000.

Schwab US Dividend Equity ETF Trading Up 0.9 %

Shares of SCHD stock opened at $83.36 on Monday. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $84.57. The stock has a market cap of $58.48 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The stock has a 50-day moving average of $81.56 and a 200-day moving average of $79.42.

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.