Brass Tax Wealth Management Inc. Trims Stock Position in Schwab US Dividend Equity ETF $SCHD

Brass Tax Wealth Management Inc. lessened its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 89.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 54,837 shares of the company’s stock after selling 448,572 shares during the period. Brass Tax Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Schwab US Dividend Equity ETF by 404.6% in the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after purchasing an additional 84,262 shares during the period. Revolve Wealth Partners LLC increased its position in Schwab US Dividend Equity ETF by 206.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after buying an additional 51,696 shares during the period. Bison Wealth LLC increased its position in Schwab US Dividend Equity ETF by 234.4% during the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after buying an additional 309,400 shares during the period. Goldman Sachs Group Inc. lifted its stake in Schwab US Dividend Equity ETF by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after buying an additional 155,769 shares during the last quarter. Finally, United Bank lifted its stake in Schwab US Dividend Equity ETF by 5.0% in the second quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after buying an additional 9,351 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.1%

SCHD stock opened at $30.80 on Friday. The company has a market capitalization of $81.01 billion, a P/E ratio of 14.57 and a beta of 0.77. The business has a 50 day simple moving average of $30.32 and a 200-day simple moving average of $28.35. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $31.95.

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.