Petra Financial Advisors Inc. Reduces Position in Schwab US Dividend Equity ETF $SCHD

Petra Financial Advisors Inc. decreased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 25.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,893 shares of the company’s stock after selling 18,323 shares during the period. Schwab US Dividend Equity ETF makes up approximately 1.0% of Petra Financial Advisors Inc.’s investment portfolio, making the stock its 23rd largest position. Petra Financial Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,653,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in shares of Schwab US Dividend Equity ETF by 5.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after purchasing an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after purchasing an additional 366,548 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 3.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after purchasing an additional 324,778 shares during the last quarter. Royal Bank of Canada lifted its position in Schwab US Dividend Equity ETF by 4.0% during the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after buying an additional 304,047 shares in the last quarter. Finally, Cibc World Market Inc. boosted its stake in Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after buying an additional 1,694,144 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $32.82 on Wednesday. The stock’s fifty day moving average is $32.30 and its two-hundred day moving average is $31.16. The firm has a market capitalization of $100.28 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $33.50.

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.