Strategic Financial Concepts LLC Reduces Stake in Schwab US Dividend Equity ETF $SCHD

Strategic Financial Concepts LLC reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 45.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,568 shares of the company’s stock after selling 54,455 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 1.7% of Strategic Financial Concepts LLC’s investment portfolio, making the stock its 19th largest holding. Strategic Financial Concepts LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Colorado Capital Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 0.9% in the 4th quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock worth $1,060,000 after buying an additional 362 shares during the last quarter. Westside Investment Management Inc. lifted its position in Schwab US Dividend Equity ETF by 5.6% during the third quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock valued at $198,000 after purchasing an additional 383 shares in the last quarter. International Private Wealth Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 3.3% during the fourth quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock valued at $340,000 after purchasing an additional 397 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Schwab US Dividend Equity ETF by 3.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 12,384 shares of the company’s stock valued at $339,000 after purchasing an additional 402 shares in the last quarter. Finally, Archer Investment Corp lifted its position in Schwab US Dividend Equity ETF by 5.0% during the fourth quarter. Archer Investment Corp now owns 8,534 shares of the company’s stock valued at $234,000 after purchasing an additional 404 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $32.83 on Friday. The company has a market capitalization of $93.19 billion, a PE ratio of 14.57 and a beta of 0.68. The business’s fifty day moving average is $31.13 and its 200 day moving average is $29.65. Schwab US Dividend Equity ETF has a fifty-two week low of $25.69 and a fifty-two week high of $32.88.

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.