Smart Money Group LLC Cuts Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Smart Money Group LLC lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,237 shares of the company’s stock after selling 10,013 shares during the period. Schwab US Dividend Equity ETF comprises 1.8% of Smart Money Group LLC’s investment portfolio, making the stock its 14th biggest position. Smart Money Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in SCHD. Successful Portfolios LLC raised its holdings in Schwab US Dividend Equity ETF by 198.5% in the fourth quarter. Successful Portfolios LLC now owns 15,070 shares of the company’s stock valued at $412,000 after acquiring an additional 10,022 shares in the last quarter. Annex Advisory Services LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 184.2% in the 4th quarter. Annex Advisory Services LLC now owns 11,506 shares of the company’s stock valued at $314,000 after purchasing an additional 7,457 shares in the last quarter. Evanson Asset Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 286.7% during the 4th quarter. Evanson Asset Management LLC now owns 56,715 shares of the company’s stock worth $1,549,000 after purchasing an additional 42,049 shares during the last quarter. Brady Martz Wealth Solutions LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $29,550,000. Finally, Ballast Inc. increased its holdings in Schwab US Dividend Equity ETF by 199.6% in the fourth quarter. Ballast Inc. now owns 14,415 shares of the company’s stock valued at $394,000 after buying an additional 9,603 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.99 on Monday. The business has a 50-day moving average of $28.19 and a two-hundred day moving average of $27.84. The company has a market capitalization of $19.63 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1 year low of $25.03 and a 1 year high of $29.72.

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.