Foundations Investment Advisors LLC Sells 88,723 Shares of Schwab US Dividend Equity ETF $SCHD

Foundations Investment Advisors LLC lowered its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 45.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 107,737 shares of the company’s stock after selling 88,723 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,955,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Life Insurance Co. bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $847,665,000. Avantax Planning Partners Inc. boosted its position in Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after buying an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after buying an additional 3,170,728 shares during the period. MML Investors Services LLC grew its stake in Schwab US Dividend Equity ETF by 3.2% in the 2nd quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock worth $160,554,000 after acquiring an additional 185,649 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 0.6% during the third quarter. HighTower Advisors LLC now owns 5,684,538 shares of the company’s stock worth $155,188,000 after acquiring an additional 33,472 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.4%

SCHD opened at $32.50 on Friday. The stock’s fifty day moving average is $31.31 and its two-hundred day moving average is $29.87. The company has a market capitalization of $92.26 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52 week low of $25.89 and a 52 week high of $32.91.

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.