Elite Financial Inc. Decreases Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Elite Financial Inc. lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 708,445 shares of the company’s stock after selling 22,303 shares during the quarter. Schwab US Dividend Equity ETF comprises 8.7% of Elite Financial Inc.’s investment portfolio, making the stock its 3rd biggest position. Elite Financial Inc.’s holdings in Schwab US Dividend Equity ETF were worth $18,965,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Shepherd Kaplan Krochuk LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 1.2% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 102,763 shares of the company’s stock valued at $2,805,000 after acquiring an additional 1,204 shares in the last quarter. Maia Wealth LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at about $201,000. Regal Investment Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 0.7% during the 3rd quarter. Regal Investment Advisors LLC now owns 1,003,845 shares of the company’s stock valued at $27,405,000 after acquiring an additional 7,300 shares during the last quarter. Sage Financial Group Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 6.6% during the third quarter. Sage Financial Group Inc. now owns 29,560 shares of the company’s stock worth $807,000 after purchasing an additional 1,836 shares in the last quarter. Finally, Broadleaf Partners LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 6.2% during the third quarter. Broadleaf Partners LLC now owns 182,831 shares of the company’s stock worth $4,991,000 after purchasing an additional 10,716 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.1%

SCHD stock opened at $30.80 on Friday. The company’s 50 day moving average is $30.32 and its 200 day moving average is $28.34. The stock has a market cap of $81.01 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year 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.