Acorn Wealth Advisors LLC Sells 25,740 Shares of Schwab US Dividend Equity ETF $SCHD

Acorn Wealth Advisors LLC lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 405,562 shares of the company’s stock after selling 25,740 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 3.3% of Acorn Wealth Advisors LLC’s holdings, making the stock its 3rd biggest holding. Acorn Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,125,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SCHD. Mountain Hill Investment Partners Corp. raised its stake in Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares during the period. Merrithew & Thorsten Inc purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth approximately $25,000. Field & Main Bank purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000. Dynamic Wealth Strategies LLC purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000. Finally, Triumph Capital Management purchased a new position in Schwab US Dividend Equity ETF during the third quarter worth approximately $33,000.

Schwab US Dividend Equity ETF Stock Down 0.4%

NYSEARCA:SCHD opened at $32.50 on Friday. The company has a market cap of $92.26 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a fifty-two week low of $25.89 and a fifty-two week high of $32.91. The firm’s 50 day moving average is $31.31 and its two-hundred day moving average is $29.87.

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.