Flagship Wealth Advisors LLC Sells 70,763 Shares of Schwab US Dividend Equity ETF $SCHD

Flagship Wealth Advisors LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 32.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 144,812 shares of the company’s stock after selling 70,763 shares during the quarter. Schwab US Dividend Equity ETF makes up 1.2% of Flagship Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. Flagship Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,972,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Schwab US Dividend Equity ETF by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 4,616,851 shares of the company’s stock worth $126,040,000 after buying an additional 95,857 shares in the last quarter. Elmwood Wealth Management Inc. bought a new position in Schwab US Dividend Equity ETF in the 4th quarter worth about $1,003,000. Bell Bank increased its stake in Schwab US Dividend Equity ETF by 53.3% in the 4th quarter. Bell Bank now owns 104,155 shares of the company’s stock worth $2,857,000 after acquiring an additional 36,212 shares during the last quarter. Aspire Capital Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 2.9% in the 4th quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock worth $29,184,000 after acquiring an additional 30,146 shares during the last quarter. Finally, BIP Wealth LLC bought a new position in Schwab US Dividend Equity ETF in the 4th quarter worth about $1,589,000.

Schwab US Dividend Equity ETF Stock Down 0.9%

Shares of NYSEARCA SCHD opened at $32.30 on Friday. The firm has a market capitalization of $91.69 billion, a P/E ratio of 14.57 and a beta of 0.67. The stock’s 50-day simple moving average is $31.49 and its two-hundred day simple moving average is $30.05. Schwab US Dividend Equity ETF has a twelve month low of $26.16 and a twelve month high of $32.91.

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.