Paladin Advisory Group LLC Cuts Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Paladin Advisory Group LLC cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,022 shares of the company’s stock after selling 9,831 shares during the period. Schwab US Dividend Equity ETF comprises approximately 3.3% of Paladin Advisory Group LLC’s investment portfolio, making the stock its 5th biggest holding. Paladin Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,037,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SCHD. Moneta Group Investment Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 104,751.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock valued at $3,977,523,000 after buying an additional 52,604,309 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after acquiring an additional 503,970 shares in the last quarter. Charles Schwab Investment Advisory Inc. increased its position in shares of Schwab US Dividend Equity ETF by 3.7% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 8,927,261 shares of the company’s stock valued at $704,272,000 after acquiring an additional 319,294 shares during the last quarter. Morgan Stanley boosted its position in Schwab US Dividend Equity ETF by 13.3% during the fourth quarter. Morgan Stanley now owns 7,736,874 shares of the company’s stock valued at $584,444,000 after purchasing an additional 911,053 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in Schwab US Dividend Equity ETF by 3.7% during the third quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after purchasing an additional 266,516 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.1 %

Shares of NYSEARCA:SCHD traded up $0.84 during midday trading on Friday, hitting $76.65. The stock had a trading volume of 3,401,817 shares, compared to its average volume of 3,671,898. The company has a market cap of $53.71 billion, a P/E ratio of 15.00 and a beta of 0.79. The business’s 50-day simple moving average is $78.22 and its 200-day simple moving average is $74.87. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82.

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.