American Financial Advisors LLC Has $42.19 Million Stake in Schwab US Dividend Equity ETF $SCHD

American Financial Advisors LLC trimmed its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,375,154 shares of the company’s stock after selling 36,884 shares during the period. Schwab US Dividend Equity ETF comprises about 5.6% of American Financial Advisors LLC’s holdings, making the stock its 2nd largest position. American Financial Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $42,190,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SCHD. Wells Fargo & Company MN lifted its position in Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after acquiring an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after buying an additional 366,548 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 3.5% during the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after buying an additional 324,778 shares during the last quarter. Royal Bank of Canada grew its holdings in Schwab US Dividend Equity ETF by 4.0% during the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after buying an additional 304,047 shares in the last quarter. Finally, Cibc World Market Inc. raised its position in Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.2%

Shares of NYSEARCA:SCHD opened at $32.90 on Thursday. The stock’s fifty day simple moving average is $32.32 and its two-hundred day simple moving average is $31.19. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $33.50. The stock has a market cap of $100.52 billion, a PE ratio of 14.57 and a beta of 0.68.

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.