Valeo Financial Advisors LLC Cuts Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Valeo Financial Advisors LLC reduced its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 31.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,438 shares of the company’s stock after selling 36,598 shares during the period. Valeo Financial Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,179,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Rakuten Investment Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $1,127,144,000. Sumitomo Life Insurance Co. acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $847,665,000. Cibc World Market Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after purchasing an additional 3,777,339 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 52.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $32,308,000.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $31.75 on Tuesday. The stock has a market cap of $90.13 billion, a P/E ratio of 14.57 and a beta of 0.68. The stock’s 50 day simple moving average is $31.00 and its 200-day simple moving average is $29.35. Schwab US Dividend Equity ETF has a 1-year low of $25.69 and a 1-year high of $32.13.

Schwab US Dividend Equity ETF Company 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.