Sunbelt Securities Inc. Trims Stock Position in Schwab US Dividend Equity ETF $SCHD

Sunbelt Securities Inc. cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 46.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 262,405 shares of the company’s stock after selling 226,991 shares during the period. Sunbelt Securities Inc.’s holdings in Schwab US Dividend Equity ETF were worth $7,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHD. Brighton Jones LLC increased its position in shares of Schwab US Dividend Equity ETF by 404.6% during the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after acquiring an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Schwab US Dividend Equity ETF by 206.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after purchasing an additional 51,696 shares during the period. Bison Wealth LLC lifted its stake in Schwab US Dividend Equity ETF by 234.4% during the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after purchasing an additional 309,400 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 35.6% during the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock worth $16,579,000 after buying an additional 155,769 shares during the period. Finally, United Bank boosted its position in shares of Schwab US Dividend Equity ETF by 5.0% during the second quarter. United Bank now owns 195,713 shares of the company’s stock worth $5,186,000 after buying an additional 9,351 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.2%

Shares of NYSEARCA SCHD opened at $31.86 on Friday. The stock has a market capitalization of $90.44 billion, a PE ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a twelve month low of $26.16 and a twelve month high of $32.92. The stock has a fifty day simple moving average of $31.82 and a 200-day simple moving average of $30.40.

Schwab US Dividend Equity ETF 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.