Financial Guidance Group Inc. Lowers Stake in Schwab US Dividend Equity ETF $SCHD

Financial Guidance Group Inc. lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 531,741 shares of the company’s stock after selling 26,611 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 6.8% of Financial Guidance Group Inc.’s portfolio, making the stock its 2nd largest holding. Financial Guidance Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $14,091,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kozak & Associates Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 476.1% during the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock worth $31,000 after buying an additional 938 shares during the period. Financial Management Professionals Inc. raised its stake in Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock worth $34,000 after acquiring an additional 907 shares in the last quarter. PrairieView Partners LLC raised its stake in Schwab US Dividend Equity ETF by 57.3% during the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after acquiring an additional 467 shares in the last quarter. Cooksen Wealth LLC bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at $38,000. Finally, Optimum Investment Advisors boosted its stake in shares of Schwab US Dividend Equity ETF by 57.6% in the 1st quarter. Optimum Investment Advisors now owns 1,381 shares of the company’s stock valued at $39,000 after purchasing an additional 505 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.8%

Shares of Schwab US Dividend Equity ETF stock opened at $26.57 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The stock has a market capitalization of $69.23 billion, a P/E ratio of 14.57 and a beta of 0.88. The company has a 50-day simple moving average of $27.36 and a 200 day simple moving average of $26.71.

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.