Schwab US Dividend Equity ETF $SCHD Stake Lessened by RFG Advisory LLC

RFG Advisory LLC cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 79.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 137,336 shares of the company’s stock after selling 526,296 shares during the quarter. RFG Advisory LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHD. Elmwood Wealth Management Inc. acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $1,003,000. Bell Bank increased its position in shares of Schwab US Dividend Equity ETF by 53.3% during the fourth quarter. Bell Bank now owns 104,155 shares of the company’s stock valued at $2,857,000 after purchasing an additional 36,212 shares during the period. Aspire Capital Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 2.9% during the fourth quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock valued at $29,184,000 after purchasing an additional 30,146 shares during the period. BIP Wealth LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $1,589,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Schwab US Dividend Equity ETF by 18.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock valued at $14,369,000 after purchasing an additional 82,981 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $31.96 on Friday. The company has a 50-day moving average of $31.93 and a 200-day moving average of $30.55. The company has a market capitalization of $90.72 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $32.92.

Schwab US Dividend Equity ETF Company 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.