Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Sold by Smart Money Group LLC

Smart Money Group LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 192,237 shares of the company’s stock after selling 10,013 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 1.8% of Smart Money Group LLC’s portfolio, making the stock its 14th biggest position. Smart Money Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,252,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Orgel Wealth Management LLC grew its position in Schwab US Dividend Equity ETF by 159.8% in the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after acquiring an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. increased its position in shares of Schwab US Dividend Equity ETF by 188.6% during the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after purchasing an additional 3,506,729 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in Schwab US Dividend Equity ETF by 217.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 2,173,729 shares of the company’s stock valued at $59,386,000 after buying an additional 1,488,281 shares during the period. Howard Financial Services LTD. lifted its position in Schwab US Dividend Equity ETF by 207.6% in the fourth quarter. Howard Financial Services LTD. now owns 2,021,759 shares of the company’s stock valued at $55,234,000 after buying an additional 1,364,511 shares during the last quarter. Finally, Marquette Asset Management LLC boosted its stake in Schwab US Dividend Equity ETF by 200.7% during the fourth quarter. Marquette Asset Management LLC now owns 2,017,395 shares of the company’s stock worth $55,115,000 after buying an additional 1,346,461 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $27.99 on Monday. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The company’s 50 day simple moving average is $28.19 and its 200-day simple moving average is $27.84. Schwab US Dividend Equity ETF has a 1 year low of $25.03 and a 1 year high of $29.72.

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.