AdvisorNet Financial Inc Sells 54,966 Shares of Schwab US Dividend Equity ETF $SCHD

AdvisorNet Financial Inc lowered its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 806,239 shares of the company’s stock after selling 54,966 shares during the quarter. Schwab US Dividend Equity ETF makes up about 1.3% of AdvisorNet Financial Inc’s investment portfolio, making the stock its 15th largest position. AdvisorNet Financial Inc’s holdings in Schwab US Dividend Equity ETF were worth $24,735,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SCHD. Colorado Capital Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 0.9% in the fourth quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock worth $1,060,000 after acquiring an additional 362 shares during the period. International Private Wealth Advisors LLC raised its stake in Schwab US Dividend Equity ETF by 3.3% during the 4th 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 during the period. Archer Investment Corp lifted its holdings in Schwab US Dividend Equity ETF by 5.0% in the 4th quarter. Archer Investment Corp now owns 8,534 shares of the company’s stock worth $234,000 after purchasing an additional 404 shares in the last quarter. Semus Wealth Partners LLC lifted its holdings in Schwab US Dividend Equity ETF by 0.8% in the 4th quarter. Semus Wealth Partners LLC now owns 50,970 shares of the company’s stock worth $1,398,000 after purchasing an additional 411 shares in the last quarter. Finally, Joel Isaacson & Co. LLC boosted its stake in Schwab US Dividend Equity ETF by 1.0% in the 4th quarter. Joel Isaacson & Co. LLC now owns 42,866 shares of the company’s stock worth $1,176,000 after purchasing an additional 411 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $31.89 on Tuesday. The firm has a market cap of $90.53 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. The firm has a fifty day moving average price of $31.85 and a 200 day moving average price of $30.46. Schwab US Dividend Equity ETF has a fifty-two week low of $26.16 and a fifty-two week high of $32.92.

Schwab US Dividend Equity ETF 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.