Cornerstone Planning Group LLC Cuts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cornerstone Planning Group LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,966 shares of the company’s stock after selling 26,328 shares during the quarter. Schwab US Dividend Equity ETF makes up about 1.6% of Cornerstone Planning Group LLC’s portfolio, making the stock its 15th biggest position. Cornerstone Planning Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHD. AQR Capital Management LLC bought a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at $879,000. Alpha Financial Partners LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $1,283,000. Valeo Financial Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 18.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 12,086 shares of the company’s stock valued at $1,022,000 after purchasing an additional 1,923 shares during the last quarter. HCR Wealth Advisors purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $200,000. Finally, Montis Financial LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 93.3% during the 3rd quarter. Montis Financial LLC now owns 60,544 shares of the company’s stock valued at $5,118,000 after purchasing an additional 29,215 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.7 %

Shares of SCHD opened at $27.56 on Monday. Schwab US Dividend Equity ETF has a 12 month low of $25.16 and a 12 month high of $29.72. The stock has a fifty day moving average price of $27.85 and a 200-day moving average price of $27.98. The firm has a market cap of $19.33 billion, a PE ratio of 15.04 and a beta of 0.74.

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.