WFA Asset Management Corp Cuts Holdings in Schwab US Dividend Equity ETF $SCHD

WFA Asset Management Corp cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 320,401 shares of the company’s stock after selling 41,276 shares during the period. Schwab US Dividend Equity ETF makes up approximately 4.8% of WFA Asset Management Corp’s portfolio, making the stock its 8th biggest position. WFA Asset Management Corp’s holdings in Schwab US Dividend Equity ETF were worth $8,747,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHD. Parkside Financial Bank & Trust increased its holdings in Schwab US Dividend Equity ETF by 11.0% in the third quarter. Parkside Financial Bank & Trust now owns 50,202 shares of the company’s stock worth $1,371,000 after purchasing an additional 4,985 shares in the last quarter. Facet Wealth Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $664,000. Verus Financial Partners Inc. grew its position in shares of Schwab US Dividend Equity ETF by 1.7% during the 3rd quarter. Verus Financial Partners Inc. now owns 1,034,362 shares of the company’s stock worth $28,238,000 after buying an additional 17,749 shares during the period. Carmel Capital Partners LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $352,000. Finally, Millstone Evans Group LLC increased its stake in shares of Schwab US Dividend Equity ETF by 455.1% in the 3rd quarter. Millstone Evans Group LLC now owns 7,772 shares of the company’s stock valued at $212,000 after acquiring an additional 6,372 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.1%

Schwab US Dividend Equity ETF stock opened at $29.17 on Friday. The company has a market capitalization of $76.50 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.26. The firm’s fifty day moving average is $27.79 and its 200 day moving average is $27.39.

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.