Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Cut by Founders Financial Securities LLC

Founders Financial Securities LLC trimmed its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 417,466 shares of the company’s stock after selling 64,256 shares during the period. Schwab US Dividend Equity ETF comprises approximately 3.5% of Founders Financial Securities LLC’s portfolio, making the stock its 3rd largest holding. Founders Financial Securities LLC’s holdings in Schwab US Dividend Equity ETF were worth $33,660,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHD. AMG National Trust Bank grew its stake in Schwab US Dividend Equity ETF by 0.3% in the fourth quarter. AMG National Trust Bank now owns 47,802 shares of the company’s stock worth $3,639,000 after purchasing an additional 130 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in Schwab US Dividend Equity ETF by 1.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 13,177 shares of the company’s stock valued at $1,062,000 after acquiring an additional 133 shares in the last quarter. Bogart Wealth LLC boosted its position in Schwab US Dividend Equity ETF by 2.9% during the 4th quarter. Bogart Wealth LLC now owns 4,784 shares of the company’s stock valued at $364,000 after acquiring an additional 135 shares in the last quarter. Grey Street Capital LLC boosted its position in Schwab US Dividend Equity ETF by 1.0% during the 4th quarter. Grey Street Capital LLC now owns 13,599 shares of the company’s stock valued at $1,035,000 after acquiring an additional 136 shares in the last quarter. Finally, Zullo Investment Group Inc. boosted its position in Schwab US Dividend Equity ETF by 0.5% during the 4th quarter. Zullo Investment Group Inc. now owns 32,014 shares of the company’s stock valued at $2,437,000 after acquiring an additional 144 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD traded up $0.49 during midday trading on Friday, hitting $77.76. 3,536,614 shares of the company traded hands, compared to its average volume of 3,305,000. The company has a market cap of $54.55 billion, a PE ratio of 15.04 and a beta of 0.74. The company’s 50-day simple moving average is $78.12 and its 200-day simple moving average is $77.60. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82.

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.