Bleakley Financial Group LLC Reduces Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bleakley Financial Group LLC decreased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,771 shares of the company’s stock after selling 1,108 shares during the quarter. Bleakley Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortune 45 LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 3.6% during the 1st quarter. Fortune 45 LLC now owns 82,847 shares of the company’s stock worth $6,535,000 after acquiring an additional 2,904 shares during the last quarter. United Bank lifted its stake in shares of Schwab US Dividend Equity ETF by 7.6% during the 1st quarter. United Bank now owns 47,346 shares of the company’s stock worth $3,735,000 after acquiring an additional 3,357 shares during the last quarter. MAS Advisors LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 32.9% during the 1st quarter. MAS Advisors LLC now owns 38,659 shares of the company’s stock worth $3,087,000 after acquiring an additional 9,564 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Schwab US Dividend Equity ETF by 10.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,004 shares of the company’s stock worth $2,288,000 after acquiring an additional 2,629 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 53.4% during the 1st quarter. Citigroup Inc. now owns 50,347 shares of the company’s stock worth $3,972,000 after acquiring an additional 17,526 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $76.79 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $80.82. The firm has a market capitalization of $53.81 billion, a P/E ratio of 15.00 and a beta of 0.79. The stock has a 50 day moving average price of $78.29 and a 200 day moving average price of $74.73.

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.