RIA Advisory Group LLC Sells 12,949 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

RIA Advisory Group LLC lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 69.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,585 shares of the company’s stock after selling 12,949 shares during the quarter. RIA Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Whitaker Myers Wealth Managers LTD. grew its holdings in Schwab US Dividend Equity ETF by 12.3% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 203,264 shares of the company’s stock valued at $15,475,000 after purchasing an additional 22,221 shares during the last quarter. FMR LLC grew its holdings in Schwab US Dividend Equity ETF by 22.7% during the third quarter. FMR LLC now owns 64,312 shares of the company’s stock valued at $4,551,000 after purchasing an additional 11,906 shares during the last quarter. M. Kulyk & Associates LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $514,000. Procyon Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 9.9% during the fourth quarter. Procyon Advisors LLC now owns 4,440 shares of the company’s stock valued at $338,000 after purchasing an additional 401 shares during the last quarter. Finally, Graypoint LLC grew its holdings in Schwab US Dividend Equity ETF by 5.4% during the fourth quarter. Graypoint LLC now owns 4,969 shares of the company’s stock valued at $378,000 after purchasing an additional 255 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.1 %

SCHD stock traded up $0.84 during midday trading on Friday, hitting $76.65. 3,403,942 shares of the company traded hands, compared to its average volume of 3,671,856. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The business has a 50 day simple moving average of $78.22 and a 200-day simple moving average of $74.87. The stock has a market capitalization of $53.71 billion, a price-to-earnings ratio of 15.00 and a beta of 0.79.

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.