Ehrlich Financial Group Decreases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Ehrlich Financial Group lessened its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,464 shares of the company’s stock after selling 2,096 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.0% of Ehrlich Financial Group’s portfolio, making the stock its 29th biggest holding. Ehrlich Financial Group’s holdings in Schwab US Dividend Equity ETF were worth $1,383,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of Schwab US Dividend Equity ETF by 569.6% in the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after purchasing an additional 42,218,696 shares during the period. LPL Financial LLC grew its stake in Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after buying an additional 24,783,386 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $592,939,000. Finally, Envestnet Asset Management Inc. grew its stake in Schwab US Dividend Equity ETF by 208.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after buying an additional 13,264,762 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.2%

Schwab US Dividend Equity ETF stock opened at $26.54 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The firm has a market capitalization of $69.00 billion, a price-to-earnings ratio of 15.93 and a beta of 0.82. The firm has a 50 day simple moving average of $25.85 and a 200 day simple moving average of $27.27.

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.