Balboa Wealth Partners lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 29.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,992 shares of the company’s stock after selling 3,392 shares during the quarter. Balboa Wealth Partners’ holdings in Schwab US Dividend Equity ETF were worth $218,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Sumitomo Life Insurance Co. lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after purchasing an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after acquiring an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $592,939,000. Wealthspire Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 195.8% during the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after acquiring an additional 10,024,156 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Schwab US Dividend Equity ETF by 3.1% during the 3rd quarter. LPL Financial LLC now owns 11,531,390 shares of the company’s stock worth $974,748,000 after acquiring an additional 350,872 shares in the last quarter.
Schwab US Dividend Equity ETF Trading Up 1.3 %
Shares of Schwab US Dividend Equity ETF stock opened at $27.64 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The firm has a market capitalization of $68.55 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The firm’s 50 day simple moving average is $27.89 and its two-hundred day simple moving average is $28.13.
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.
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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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