Schwab US Dividend Equity ETF $SCHD is American Financial Advisors LLC’s 2nd Largest Position

American Financial Advisors LLC lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,375,154 shares of the company’s stock after selling 36,884 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 5.6% of American Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. American Financial Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $42,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cassaday & Co Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares during the last quarter. Paradiem LLC bought a new stake in Schwab US Dividend Equity ETF during the first quarter worth $56,258,000. Cibc World Market Inc. boosted its position in Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after purchasing an additional 1,694,144 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth $43,773,000. Finally, Baer Investment Advisory LLC bought a new position in Schwab US Dividend Equity ETF in the 1st quarter valued at $46,847,000.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $32.90 on Thursday. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $33.50. The firm has a market cap of $100.52 billion, a PE ratio of 14.57 and a beta of 0.68. The stock has a fifty day moving average price of $32.32 and a 200-day moving average price of $31.19.

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.