Maridea Wealth Management LLC Decreases Holdings in Schwab US Dividend Equity ETF $SCHD

Maridea Wealth Management LLC reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,506 shares of the company’s stock after selling 17,344 shares during the period. Maridea Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,388,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Biltmore Family Office LLC boosted its position in shares of Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after buying an additional 524 shares during the period. Triumph Capital Management purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at about $33,000. KERR FINANCIAL PLANNING Corp acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $35,000. Reyes Financial Architecture Inc. lifted its position in Schwab US Dividend Equity ETF by 1,903.1% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock worth $36,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Turning Point Benefit Group Inc. purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $36,000.

Schwab US Dividend Equity ETF Stock Down 0.7%

Shares of NYSEARCA:SCHD opened at $30.39 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $31.95. The company has a 50 day moving average of $30.57 and a two-hundred day moving average of $28.45. The company has a market capitalization of $79.93 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77.

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.