Avantax Planning Partners Inc. Sells 4,598,666 Shares of Schwab US Dividend Equity ETF $SCHD

Avantax Planning Partners Inc. lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 45.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,507,557 shares of the company’s stock after selling 4,598,666 shares during the quarter. Schwab US Dividend Equity ETF comprises 4.6% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 5th biggest holding. Avantax Planning Partners Inc. owned about 0.19% of Schwab US Dividend Equity ETF worth $168,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC lifted its stake in Schwab US Dividend Equity ETF by 52.2% during the 4th 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 in the last quarter. Paradiem LLC bought a new stake in Schwab US Dividend Equity ETF in the first quarter worth about $56,258,000. Cibc World Market Inc. raised 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 acquiring an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $43,773,000. Finally, Baer Investment Advisory LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at approximately $46,847,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $32.56 on Tuesday. Schwab US Dividend Equity ETF has a one year low of $26.21 and a one year high of $32.92. The company has a market cap of $98.88 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The firm has a fifty day moving average price of $32.18 and a two-hundred day moving average price of $30.94.

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.