Cornerstone Planning Group LLC Lowers Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Cornerstone Planning Group LLC lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 63.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,366 shares of the company’s stock after selling 143,501 shares during the period. Cornerstone Planning Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,610,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SCHD. Wells Fargo & Company MN increased its stake in Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after buying an additional 552,907 shares during the period. Avantax Planning Partners Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after acquiring an additional 366,548 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 fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Schwab US Dividend Equity ETF by 4.0% in the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock valued at $219,304,000 after acquiring an additional 304,047 shares in the last quarter. Finally, Cibc World Market Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after acquiring an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.4%

NYSEARCA SCHD opened at $32.91 on Friday. The stock has a market capitalization of $100.39 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52-week low of $26.21 and a 52-week high of $33.50. The firm has a 50-day moving average price of $32.26 and a 200 day moving average price of $31.06.

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.