Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Lowered by Reitz Capital Advisors LLC

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Reitz Capital Advisors LLC reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 247,701 shares of the company’s stock after selling 43,502 shares during the period. Schwab US Dividend Equity ETF comprises approximately 16.3% of Reitz Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Reitz Capital Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisor Group Holdings Inc. purchased a new stake in Schwab US Dividend Equity ETF during the first quarter worth about $45,439,000. Sontag Advisory LLC increased its stake in Schwab US Dividend Equity ETF by 157.7% during the first quarter. Sontag Advisory LLC now owns 1,245,881 shares of the company’s stock worth $56,040,000 after purchasing an additional 762,487 shares during the period. Bank of America Corp DE increased its stake in Schwab US Dividend Equity ETF by 49.4% during the fourth quarter. Bank of America Corp DE now owns 1,361,409 shares of the company’s stock worth $78,853,000 after purchasing an additional 450,053 shares during the period. Orgel Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the first quarter worth about $19,424,000. Finally, Morgan Stanley grew its position in shares of Schwab US Dividend Equity ETF by 52.9% during the first quarter. Morgan Stanley now owns 1,215,620 shares of the company’s stock worth $54,679,000 after buying an additional 420,666 shares in the last quarter.

Shares of Schwab US Dividend Equity ETF stock traded up $0.63 on Tuesday, reaching $52.33. 1,471,333 shares of the company were exchanged, compared to its average volume of 2,318,568. Schwab US Dividend Equity ETF has a 1-year low of $38.83 and a 1-year high of $59.56. The stock’s 50 day moving average price is $52.50 and its 200-day moving average price is $52.57.

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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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