Walker Financial Services Inc. Trims Stock Position in Schwab US Dividend Equity ETF $SCHD

Walker Financial Services Inc. lessened its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,037,577 shares of the company’s stock after selling 146,915 shares during the period. Schwab US Dividend Equity ETF comprises about 10.3% of Walker Financial Services Inc.’s portfolio, making the stock its 3rd biggest position. Walker Financial Services Inc.’s holdings in Schwab US Dividend Equity ETF were worth $28,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHD. Rakuten Investment Management Inc. bought a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $1,127,144,000. Sumitomo Life Insurance Co. bought a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $847,665,000. Cibc World Market Inc. boosted its holdings in Schwab US Dividend Equity ETF by 243.5% in the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after acquiring an additional 3,777,339 shares in the last quarter. Lido Advisors LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $32,308,000. Finally, Argent Capital Management LLC bought a new position in Schwab US Dividend Equity ETF in the fourth quarter worth approximately $29,815,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $30.98 on Wednesday. The firm has a market cap of $87.07 billion, a P/E ratio of 14.57 and a beta of 0.70. Schwab US Dividend Equity ETF has a 52-week low of $25.11 and a 52-week high of $31.95. The business’s 50 day simple moving average is $31.01 and its two-hundred day simple moving average is $28.96.

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.