Avantax Planning Partners Inc. Reduces Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Avantax Planning Partners Inc. lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,565,729 shares of the company’s stock after selling 73,251 shares during the period. Schwab US Dividend Equity ETF comprises approximately 10.3% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 3rd largest holding. Avantax Planning Partners Inc. owned 0.54% of Schwab US Dividend Equity ETF worth $271,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raleigh Capital Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $28,000. Signature Resources Capital Management LLC acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth about $32,000. Bear Mountain Capital Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth about $34,000. Howe & Rusling Inc. grew its holdings in Schwab US Dividend Equity ETF by 209.8% during the 3rd quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock worth $36,000 after acquiring an additional 344 shares during the period. Finally, WestHill Financial Advisors Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 106.3% in the 3rd quarter. WestHill Financial Advisors Inc. now owns 619 shares of the company’s stock valued at $44,000 after buying an additional 319 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD traded down $1.22 during trading hours on Thursday, hitting $77.98. The stock had a trading volume of 3,132,636 shares, compared to its average volume of 3,432,485. The firm has a 50 day simple moving average of $78.58 and a 200-day simple moving average of $76.40. The firm has a market capitalization of $54.70 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year 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.