Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Bernard Wealth Management Corp.’s 5th Largest Position

Bernard Wealth Management Corp. lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 362,097 shares of the company’s stock after selling 9,361 shares during the period. Schwab US Dividend Equity ETF accounts for about 4.9% of Bernard Wealth Management Corp.’s holdings, making the stock its 5th biggest position. Bernard Wealth Management Corp.’s holdings in Schwab US Dividend Equity ETF were worth $10,124,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in Schwab US Dividend Equity ETF by 569.6% in the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after buying an additional 42,218,696 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $592,939,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 208.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after purchasing an additional 13,264,762 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $26.90 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The stock has a market capitalization of $69.94 billion, a price-to-earnings ratio of 15.93 and a beta of 0.82. The company has a fifty day moving average of $25.95 and a 200-day moving average of $27.19.

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.