Sunburst Financial Group LLC Decreases Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Sunburst Financial Group LLC cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 66.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,471 shares of the company’s stock after selling 914,603 shares during the period. Schwab US Dividend Equity ETF accounts for 2.7% of Sunburst Financial Group LLC’s holdings, making the stock its 10th biggest holding. Sunburst Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCHD. Perigon Wealth Management LLC increased its holdings in Schwab US Dividend Equity ETF by 1.2% in the 3rd quarter. Perigon Wealth Management LLC now owns 182,260 shares of the company’s stock valued at $4,976,000 after acquiring an additional 2,189 shares during the last quarter. Mayflower Financial Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 15.2% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 472,256 shares of the company’s stock worth $12,892,000 after acquiring an additional 62,425 shares during the last quarter. Valicenti Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 4.1% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 30,705 shares of the company’s stock worth $838,000 after acquiring an additional 1,197 shares in the last quarter. Wealth Management Resources Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 0.7% during the 3rd quarter. Wealth Management Resources Inc. now owns 951,194 shares of the company’s stock worth $25,968,000 after acquiring an additional 6,946 shares in the last quarter. Finally, Mezzasalma Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 203.7% during the 3rd quarter. Mezzasalma Advisors LLC now owns 55,214 shares of the company’s stock valued at $1,507,000 after acquiring an additional 37,033 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $27.64 on Friday. The firm has a fifty day moving average price of $27.23 and a 200 day moving average price of $27.18. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $28.84. The firm has a market cap of $71.47 billion, a PE ratio of 14.57 and a beta of 0.77.

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.