Schwab US Dividend Equity ETF $SCHD Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 42.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 235,100 shares of the company’s stock after selling 170,856 shares during the period. Founders Financial Securities LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,449,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Colorado Capital Management Inc. grew its holdings in Schwab US Dividend Equity ETF by 0.9% during the 4th quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after buying an additional 362 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 5.6% during the third quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock worth $198,000 after purchasing an additional 383 shares during the last quarter. International Private Wealth Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.3% during the fourth quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock worth $340,000 after purchasing an additional 397 shares during the last quarter. Archer Investment Corp boosted its holdings in shares of Schwab US Dividend Equity ETF by 5.0% during the fourth quarter. Archer Investment Corp now owns 8,534 shares of the company’s stock worth $234,000 after purchasing an additional 404 shares during the last quarter. Finally, Semus Wealth Partners LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 0.8% during the fourth quarter. Semus Wealth Partners LLC now owns 50,970 shares of the company’s stock worth $1,398,000 after purchasing an additional 411 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.4%

SCHD stock opened at $32.50 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $25.89 and a 52-week high of $32.91. The stock’s fifty day simple moving average is $31.31 and its 200-day simple moving average is $29.87. The stock has a market capitalization of $92.26 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.