Sheets Smith Wealth Management Has $8.02 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sheets Smith Wealth Management reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,761 shares of the company’s stock after selling 46,010 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.0% of Sheets Smith Wealth Management’s portfolio, making the stock its 25th largest position. Sheets Smith Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $8,018,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in Schwab US Dividend Equity ETF during the first quarter valued at approximately $27,000. Ritter Daniher Financial Advisory LLC DE raised its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares in the last quarter. PFG Private Wealth Management LLC raised its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after acquiring an additional 686 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its position in Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after acquiring an additional 777 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $26.70 on Tuesday. The firm has a market cap of $69.42 billion, a PE ratio of 14.34 and a beta of 0.80. The firm’s 50 day moving average price is $26.12 and its 200 day moving average price is $27.06. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72.

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.