Flagship Wealth Advisors LLC Sells 70,763 Shares of Schwab US Dividend Equity ETF $SCHD

Flagship Wealth Advisors LLC reduced its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 32.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 144,812 shares of the company’s stock after selling 70,763 shares during the quarter. Schwab US Dividend Equity ETF accounts for 1.2% of Flagship Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Flagship Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,972,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Life Insurance Co. purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $847,665,000. Cibc World Market Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 243.5% in the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after purchasing an additional 3,777,339 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Keudell Morrison Wealth Management purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $43,773,000. Finally, Evergreen Advisors LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $41,630,000.

Schwab US Dividend Equity ETF Trading Down 0.9%

SCHD opened at $32.30 on Friday. The stock has a 50-day moving average price of $31.49 and a 200-day moving average price of $30.05. Schwab US Dividend Equity ETF has a 12-month low of $26.16 and a 12-month high of $32.91. The stock has a market capitalization of $91.69 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.