Redhawk Wealth Advisors Inc. Sells 310,319 Shares of Schwab US Dividend Equity ETF $SCHD

Redhawk Wealth Advisors Inc. cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 48.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 325,850 shares of the company’s stock after selling 310,319 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 1.0% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. Redhawk Wealth Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in Schwab US Dividend Equity ETF by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after buying an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. boosted its stake in 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 during the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in Schwab US Dividend Equity ETF by 3.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares during the last quarter. Royal Bank of Canada grew its position in shares of Schwab US Dividend Equity ETF by 8.3% during the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after acquiring an additional 660,876 shares during the period. Finally, Cibc World Market Inc. grew its position in shares of Schwab US Dividend Equity ETF by 31.8% during the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after acquiring an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.9%

Shares of SCHD stock opened at $34.19 on Tuesday. The firm has a market cap of $106.22 billion, a P/E ratio of 14.57 and a beta of 0.67. The company has a 50 day moving average of $32.66 and a 200-day moving average of $31.66. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $34.24.

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.