Sheets Smith Wealth Management Reduces Holdings in Schwab US Dividend Equity ETF $SCHD

Sheets Smith Wealth Management reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 254,168 shares of the company’s stock after selling 36,594 shares during the period. Schwab US Dividend Equity ETF comprises 0.8% of Sheets Smith Wealth Management’s investment portfolio, making the stock its 29th largest position. Sheets Smith Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $6,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHD. Kozak & Associates Inc. increased its stake in shares of 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 during the period. PrairieView Partners LLC grew its holdings in Schwab US Dividend Equity ETF by 57.3% in the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after acquiring an additional 467 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of Schwab US Dividend Equity ETF by 241.9% in the second 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. bought a new position in shares of Schwab US Dividend Equity ETF during the second quarter valued at about $39,000. Finally, Independence Bank of Kentucky purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $41,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $27.66 on Friday. The business’s 50-day moving average is $27.21 and its 200 day moving average is $27.17. The stock has a market capitalization of $71.52 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $28.84.

Schwab US Dividend Equity ETF Company 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.