Financial Partners Group Inc Sells 28,073 Shares of Schwab US Dividend Equity ETF $SCHD

Financial Partners Group Inc reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,428 shares of the company’s stock after selling 28,073 shares during the quarter. Financial Partners Group Inc’s holdings in Schwab US Dividend Equity ETF were worth $6,901,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SCHD. Rakuten Investment Management Inc. bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $847,665,000. Cibc World Market Inc. boosted its stake in Schwab US Dividend Equity ETF by 243.5% in the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after acquiring an additional 3,777,339 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $32,308,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $31.62 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $25.69 and a 52-week high of $32.13. The stock has a market cap of $89.76 billion, a PE ratio of 14.57 and a beta of 0.68. The firm’s 50 day moving average price is $30.99 and its two-hundred day moving average price is $29.28.

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.