Zhang Financial LLC Decreases Holdings in Schwab US Dividend Equity ETF $SCHD

Zhang Financial LLC trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 42.3% in the fourth quarter, Holdings Channel reports. The firm owned 32,194 shares of the company’s stock after selling 23,569 shares during the period. Zhang Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $883,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. boosted its position in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares during the period. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth $25,000. Field & Main Bank purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth $29,000. Dynamic Wealth Strategies LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth $29,000. Finally, Triumph Capital Management purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth $33,000.

Schwab US Dividend Equity ETF Trading Down 0.4%

Shares of Schwab US Dividend Equity ETF stock opened at $32.50 on Friday. The company has a fifty day moving average price of $31.31 and a 200 day moving average price of $29.87. Schwab US Dividend Equity ETF has a twelve month low of $25.89 and a twelve month high of $32.91. The stock has a market cap of $92.26 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.