Great Waters Wealth Management Decreases Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Great Waters Wealth Management decreased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,148 shares of the company’s stock after selling 594 shares during the quarter. Schwab US Dividend Equity ETF comprises about 0.3% of Great Waters Wealth Management’s investment portfolio, making the stock its 19th largest position. Great Waters Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $2,437,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of Schwab US Dividend Equity ETF by 569.6% during 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 boosted its stake in shares of Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after purchasing an additional 24,783,386 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $592,939,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 208.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after purchasing an additional 13,264,762 shares during the period.

Schwab US Dividend Equity ETF Trading Up 1.2%

SCHD stock opened at $26.54 on Monday. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The company has a 50-day moving average price of $25.85 and a 200 day moving average price of $27.25. The stock has a market cap of $69.00 billion, a PE ratio of 15.93 and a beta of 0.82.

Schwab US Dividend Equity ETF 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.