Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stock Position Decreased by Steele Capital Management Inc.

Steele Capital Management Inc. cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,222,824 shares of the company’s stock after selling 966 shares during the period. Schwab US Dividend Equity ETF accounts for about 1.8% of Steele Capital Management Inc.’s investment portfolio, making the stock its 15th largest position. Steele Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $34,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHD. Bank of America Corp DE raised its stake in shares of Schwab US Dividend Equity ETF by 569.6% during the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after purchasing an additional 42,218,696 shares in the last quarter. LPL Financial LLC raised its stake in shares of Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after purchasing an additional 24,783,386 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $592,939,000. Avantax Advisory Services Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 208.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after purchasing an additional 13,264,762 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $26.90 on Friday. The company has a market capitalization of $69.94 billion, a PE ratio of 15.93 and a beta of 0.82. The business has a 50-day moving average of $25.95 and a 200-day moving average of $27.19. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72.

About Schwab US Dividend Equity ETF

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.