Concord Wealth Partners Cuts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Concord Wealth Partners trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 22.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 126,395 shares of the company’s stock after selling 37,406 shares during the period. Schwab US Dividend Equity ETF accounts for about 1.9% of Concord Wealth Partners’ investment portfolio, making the stock its 14th biggest holding. Concord Wealth Partners’ holdings in Schwab US Dividend Equity ETF were worth $9,622,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Grey Street Capital LLC raised its stake in shares of Schwab US Dividend Equity ETF by 1.0% during the 4th quarter. Grey Street Capital LLC now owns 13,599 shares of the company’s stock worth $1,035,000 after buying an additional 136 shares in the last quarter. Zullo Investment Group Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 0.5% in the 4th quarter. Zullo Investment Group Inc. now owns 32,014 shares of the company’s stock worth $2,437,000 after acquiring an additional 144 shares during the period. StrategIQ Financial Group LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 1.0% in the 4th quarter. StrategIQ Financial Group LLC now owns 14,156 shares of the company’s stock worth $1,078,000 after acquiring an additional 145 shares during the period. Indie Asset Partners LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 0.7% in the 4th quarter. Indie Asset Partners LLC now owns 19,890 shares of the company’s stock worth $1,514,000 after acquiring an additional 146 shares during the period. Finally, Trifecta Capital Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 20.0% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 900 shares of the company’s stock valued at $64,000 after buying an additional 150 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD traded up $0.53 during trading hours on Wednesday, reaching $77.52. 2,835,398 shares of the company traded hands, compared to its average volume of 3,583,133. The firm’s 50-day moving average is $78.32 and its 200-day moving average is $75.35. The stock has a market cap of $54.23 billion, a P/E ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $80.82.

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.