Prosperity Wealth Management Inc. Cuts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Prosperity Wealth Management Inc. reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 45.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,151 shares of the company’s stock after selling 10,048 shares during the period. Prosperity Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $340,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in Schwab US Dividend Equity ETF by 268.3% in the 4th quarter. Russell Investments Group Ltd. now owns 22,732 shares of the company’s stock valued at $621,000 after purchasing an additional 16,560 shares in the last quarter. Barclays PLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $74,000. Safeguard Investment Advisory Group LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 2,627.7% during the fourth quarter. Safeguard Investment Advisory Group LLC now owns 83,930 shares of the company’s stock worth $2,293,000 after purchasing an additional 80,853 shares during the last quarter. LifeSteps Financial Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 218.3% during the fourth quarter. LifeSteps Financial Inc. now owns 67,403 shares of the company’s stock worth $1,841,000 after purchasing an additional 46,229 shares during the last quarter. Finally, Walled Lake Planning & Wealth Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 205.3% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 415,640 shares of the company’s stock valued at $11,355,000 after acquiring an additional 279,503 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.7%

Shares of Schwab US Dividend Equity ETF stock opened at $26.72 on Wednesday. The stock has a market capitalization of $69.47 billion, a P/E ratio of 15.93 and a beta of 0.82. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The business’s fifty day moving average price is $26.02 and its 200 day moving average price is $27.14.

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.