BCS Wealth Management Sells 8,108 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

BCS Wealth Management cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 277,186 shares of the company’s stock after selling 8,108 shares during the period. Schwab US Dividend Equity ETF comprises approximately 2.0% of BCS Wealth Management’s investment portfolio, making the stock its 10th biggest holding. BCS Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $7,750,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in Schwab US Dividend Equity ETF by 569.6% during the fourth 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 raised its stake in Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter worth about $592,939,000. Avantax Advisory Services Inc. raised its stake in Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after acquiring an additional 17,501,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 208.5% in the fourth 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 during the period.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $26.54 on Friday. The business has a 50 day moving average of $25.85 and a 200-day moving average of $27.26. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The company has a market capitalization of $69.00 billion, a P/E ratio of 15.93 and a beta of 0.82.

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.