Global Financial Private Client LLC Decreases Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Global Financial Private Client LLC cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 31.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,498 shares of the company’s stock after selling 90,851 shares during the period. Schwab US Dividend Equity ETF accounts for 1.9% of Global Financial Private Client LLC’s holdings, making the stock its 5th biggest holding. Global Financial Private Client LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,446,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Golden State Equity Partners lifted its holdings in shares of Schwab US Dividend Equity ETF by 6.6% in the third quarter. Golden State Equity Partners now owns 56,373 shares of the company’s stock worth $1,539,000 after buying an additional 3,481 shares in the last quarter. Investment Planning Advisors Inc. purchased a new position in Schwab US Dividend Equity ETF during the third quarter valued at $283,000. True Wealth Design LLC increased its holdings in Schwab US Dividend Equity ETF by 42.9% in the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock valued at $41,000 after acquiring an additional 450 shares during the last quarter. Guyasuta Investment Advisors Inc. increased its holdings in Schwab US Dividend Equity ETF by 3.9% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 113,580 shares of the company’s stock valued at $3,101,000 after acquiring an additional 4,240 shares during the last quarter. Finally, Morton Brown Family Wealth LLC lifted its stake in Schwab US Dividend Equity ETF by 41.2% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 1,635 shares of the company’s stock worth $45,000 after purchasing an additional 477 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.7%

SCHD opened at $27.43 on Friday. The company has a market capitalization of $70.93 billion, a PE ratio of 14.57 and a beta of 0.77. The firm has a 50-day simple moving average of $27.27 and a two-hundred day simple moving average of $27.20. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $28.84.

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.