Paradigm Strategies in Wealth Management LLC Trims Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Paradigm Strategies in Wealth Management LLC reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 702,288 shares of the company’s stock after selling 1,293 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 13.2% of Paradigm Strategies in Wealth Management LLC’s portfolio, making the stock its largest holding. Paradigm Strategies in Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $19,636,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHD. Bank of America Corp DE boosted its holdings in shares of Schwab US Dividend Equity ETF by 569.6% during the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after purchasing an additional 42,218,696 shares during the period. LPL Financial LLC lifted its holdings in Schwab US Dividend Equity ETF by 6.8% in the first quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after buying an additional 2,470,706 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Schwab US Dividend Equity ETF by 6.3% in the first quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock worth $772,840,000 after buying an additional 1,637,300 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Schwab US Dividend Equity ETF by 208.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after buying an additional 13,264,762 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Schwab US Dividend Equity ETF by 202.3% in the fourth quarter. Ameriprise Financial Inc. now owns 17,426,545 shares of the company’s stock worth $475,816,000 after buying an additional 11,661,011 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $27.32 on Monday. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The company has a 50-day simple moving average of $26.74 and a two-hundred day simple moving average of $26.97. The firm has a market capitalization of $71.34 billion, a PE ratio of 14.57 and a beta of 0.88.

About Schwab US Dividend Equity ETF

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.