Sheets Smith Wealth Management Lowers Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sheets Smith Wealth Management reduced its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,936 shares of the company’s stock after selling 1,279 shares during the period. Schwab US Dividend Equity ETF makes up 1.1% of Sheets Smith Wealth Management’s portfolio, making the stock its 22nd biggest holding. Sheets Smith Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $8,826,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SCHD. Whitaker Myers Wealth Managers LTD. grew its stake in Schwab US Dividend Equity ETF by 12.3% in the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 203,264 shares of the company’s stock worth $15,475,000 after buying an additional 22,221 shares in the last quarter. FMR LLC increased its stake in Schwab US Dividend Equity ETF by 22.7% in the third quarter. FMR LLC now owns 64,312 shares of the company’s stock valued at $4,551,000 after acquiring an additional 11,906 shares during the last quarter. M. Kulyk & Associates LLC purchased a new stake in Schwab US Dividend Equity ETF during the third quarter valued at about $514,000. Procyon Advisors LLC lifted its stake in Schwab US Dividend Equity ETF by 9.9% during the fourth quarter. Procyon Advisors LLC now owns 4,440 shares of the company’s stock worth $338,000 after purchasing an additional 401 shares during the last quarter. Finally, Graypoint LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 5.4% in the 4th quarter. Graypoint LLC now owns 4,969 shares of the company’s stock worth $378,000 after purchasing an additional 255 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.9 %

Shares of Schwab US Dividend Equity ETF stock traded up $0.70 during trading on Friday, hitting $77.97. 2,613,230 shares of the stock traded hands, compared to its average volume of 3,569,934. The firm’s fifty day moving average is $78.31 and its 200-day moving average is $75.49. The stock has a market cap of $54.54 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82.

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.