Strategic Financial Concepts LLC Cuts Holdings in Schwab US Dividend Equity ETF $SCHD

Strategic Financial Concepts LLC trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 45.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,568 shares of the company’s stock after selling 54,455 shares during the period. Schwab US Dividend Equity ETF makes up about 1.7% of Strategic Financial Concepts LLC’s investment portfolio, making the stock its 19th largest holding. Strategic Financial Concepts LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,826,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. boosted its stake in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $25,000. Biltmore Family Office LLC boosted its stake in Schwab US Dividend Equity ETF by 116.4% during the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after purchasing an additional 524 shares during the last quarter. Field & Main Bank purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $32.83 on Friday. The company has a market cap of $93.19 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1 year low of $25.69 and a 1 year high of $32.88. The stock’s fifty day moving average price is $31.13 and its 200-day moving average price is $29.65.

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.