Brady Martz Wealth Solutions LLC Sells 67,842 Shares of Schwab US Dividend Equity ETF $SCHD

Brady Martz Wealth Solutions LLC trimmed its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 722,971 shares of the company’s stock after selling 67,842 shares during the quarter. Schwab US Dividend Equity ETF comprises 3.5% of Brady Martz Wealth Solutions LLC’s holdings, making the stock its 4th largest position. Brady Martz Wealth Solutions LLC’s holdings in Schwab US Dividend Equity ETF were worth $19,831,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Rakuten Investment Management Inc. acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $847,665,000. Cibc World Market Inc. lifted its holdings in Schwab US Dividend Equity ETF by 243.5% in the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after acquiring an additional 3,777,339 shares during the period. Osaic Holdings Inc. boosted its position in Schwab US Dividend Equity ETF by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after purchasing an additional 1,217,005 shares in the last quarter. Finally, Lido Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $32,308,000.

Schwab US Dividend Equity ETF Stock Up 0.7%

SCHD stock opened at $30.68 on Wednesday. The firm has a market cap of $80.70 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $31.95. The company’s 50-day simple moving average is $30.81 and its 200-day simple moving average is $28.60.

Schwab US Dividend Equity ETF 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.