JNBA Financial Advisors Sells 59,436 Shares of Schwab US Dividend Equity ETF $SCHD

JNBA Financial Advisors lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 17.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,042 shares of the company’s stock after selling 59,436 shares during the period. Schwab US Dividend Equity ETF comprises approximately 0.7% of JNBA Financial Advisors’ investment portfolio, making the stock its 27th biggest position. JNBA Financial Advisors’ holdings in Schwab US Dividend Equity ETF were worth $7,864,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kozak & Associates Inc. grew its position in Schwab US Dividend Equity ETF by 476.1% in the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after acquiring an additional 938 shares during the last quarter. PrairieView Partners LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 57.3% during the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after purchasing an additional 467 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after purchasing an additional 907 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Schwab US Dividend Equity ETF in the second quarter worth about $39,000. Finally, Independence Bank of Kentucky purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth about $41,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $29.03 on Friday. The firm has a market capitalization of $75.97 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.11. The company has a 50-day moving average of $27.60 and a 200 day moving average of $27.32.

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.