Sheets Smith Wealth Management Has $8.02 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sheets Smith Wealth Management lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 286,761 shares of the company’s stock after selling 46,010 shares during the period. Schwab US Dividend Equity ETF comprises 1.0% of Sheets Smith Wealth Management’s investment portfolio, making the stock its 25th largest holding. Sheets Smith Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $8,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SCHD. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the first quarter worth about $27,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 294.3% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after buying an additional 777 shares during the period. PFG Private Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after buying an additional 686 shares during the period. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $26.70 on Tuesday. The stock has a market cap of $69.42 billion, a price-to-earnings ratio of 14.34 and a beta of 0.80. The company has a 50-day moving average of $26.12 and a two-hundred day moving average of $27.06. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72.

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.