Valmark Advisers Inc. Sells 171,181 Shares of Schwab US Dividend Equity ETF $SCHD

Valmark Advisers Inc. cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,627,467 shares of the company’s stock after selling 171,181 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 0.9% of Valmark Advisers Inc.’s portfolio, making the stock its 25th biggest position. Valmark Advisers Inc.’s holdings in Schwab US Dividend Equity ETF were worth $72,071,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. First Command Advisory Services Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 7.6% in the third quarter. First Command Advisory Services Inc. now owns 1,107,033 shares of the company’s stock valued at $30,222,000 after purchasing an additional 77,785 shares in the last quarter. BG Investment Services Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 82.8% in the third quarter. BG Investment Services Inc. now owns 62,076 shares of the company’s stock valued at $1,695,000 after purchasing an additional 28,109 shares in the last quarter. DMKC Advisory Services LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 10.6% in the third quarter. DMKC Advisory Services LLC now owns 219,680 shares of the company’s stock valued at $5,997,000 after purchasing an additional 20,989 shares in the last quarter. Insight Inv LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $682,000. Finally, Elmwood Wealth Management Inc. bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $1,003,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $30.71 on Wednesday. Schwab US Dividend Equity ETF has a 52-week low of $24.76 and a 52-week high of $31.95. The firm has a market capitalization of $85.88 billion, a PE ratio of 14.57 and a beta of 0.70. The business’s 50-day simple moving average is $31.05 and its 200 day simple moving average is $28.84.

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.