Sunburst Financial Group LLC Has $12.79 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

Sunburst Financial Group LLC trimmed its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 66.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 468,471 shares of the company’s stock after selling 914,603 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 2.7% of Sunburst Financial Group LLC’s holdings, making the stock its 10th largest position. Sunburst Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,789,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kozak & Associates Inc. increased its position in Schwab US Dividend Equity ETF by 476.1% in the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock worth $31,000 after buying an additional 938 shares in the last quarter. PrairieView Partners LLC lifted its position in shares of Schwab US Dividend Equity ETF by 57.3% during the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after buying an additional 467 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 241.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after acquiring an additional 907 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $39,000. Finally, Independence Bank of Kentucky purchased a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $41,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.64 on Friday. The stock has a market cap of $71.47 billion, a PE ratio of 14.57 and a beta of 0.77. The firm has a fifty day moving average price of $27.23 and a 200-day moving average price of $27.18. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $28.84.

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.