Secure Asset Management LLC Sells 24,006 Shares of Schwab US Dividend Equity ETF $SCHD

Secure Asset Management LLC cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 60.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,910 shares of the company’s stock after selling 24,006 shares during the quarter. Secure Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rakuten Investment Management Inc. bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $847,665,000. Osaic Holdings Inc. lifted its position in Schwab US Dividend Equity ETF by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after acquiring an additional 1,217,005 shares in the last quarter. Avantax Planning Partners Inc. lifted its position in Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock valued at $265,893,000 after acquiring an additional 280,277 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 18.0% during the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock valued at $180,178,000 after acquiring an additional 1,005,469 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.3%

Shares of NYSEARCA SCHD opened at $30.64 on Tuesday. The firm’s 50-day moving average price is $30.93 and its 200-day moving average price is $28.69. The company has a market cap of $84.74 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $31.95.

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.