Petra Financial Advisors Inc. Decreases Stake in Schwab US Dividend Equity ETF $SCHD

Petra Financial Advisors Inc. cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,516 shares of the company’s stock after selling 2,005 shares during the period. Schwab US Dividend Equity ETF comprises about 1.3% of Petra Financial Advisors Inc.’s investment portfolio, making the stock its 14th biggest holding. Petra Financial Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,081,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $1,031,129,000. LPL Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 6.8% during the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after buying an additional 2,470,706 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of Schwab US Dividend Equity ETF by 95.2% during the first quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after buying an additional 14,410,724 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 6.3% in the first quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock worth $772,840,000 after buying an additional 1,637,300 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock valued at $509,221,000 after acquiring an additional 1,083,206 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $27.12 on Tuesday. The firm has a market cap of $70.25 billion, a P/E 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 $29.72. The firm has a fifty day moving average of $27.34 and a two-hundred day moving average of $26.78.

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.