Founders Financial Securities LLC reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 42.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,100 shares of the company’s stock after selling 170,856 shares during the period. Founders Financial Securities LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,449,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. increased its stake in Schwab US Dividend Equity ETF by 1,241.8% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $25,000. Field & Main Bank purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $29,000. Dynamic Wealth Strategies LLC purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $29,000. Finally, Triumph Capital Management purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $33,000.
Schwab US Dividend Equity ETF Stock Performance
Shares of NYSEARCA:SCHD opened at $32.50 on Friday. The business’s fifty day moving average price is $31.31 and its two-hundred day moving average price is $29.87. The stock has a market cap of $92.26 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a one year low of $25.89 and a one year high of $32.91.
Schwab US Dividend Equity ETF Company 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.
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