Sequoia Financial Advisors LLC Trims Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sequoia Financial Advisors LLC cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,651 shares of the company’s stock after selling 4,121 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,165,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Raleigh Capital Management Inc. purchased a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $28,000. Voisard Asset Management Group Inc. purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth $29,000. Signature Resources Capital Management LLC purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth $32,000. Westside Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF in the first quarter worth $32,000. Finally, Bear Mountain Capital Inc. purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth $34,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD traded down $0.16 on Friday, hitting $77.02. The stock had a trading volume of 3,295,432 shares, compared to its average volume of 3,308,102. The business’s fifty day moving average price is $78.08 and its 200 day moving average price is $77.65. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $80.82. The stock has a market cap of $54.03 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF 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.