WFA Asset Management Corp Cuts Stock Holdings in Schwab US Dividend Equity ETF $SCHD

WFA Asset Management Corp decreased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 320,401 shares of the company’s stock after selling 41,276 shares during the period. Schwab US Dividend Equity ETF makes up about 4.8% of WFA Asset Management Corp’s holdings, making the stock its 8th biggest holding. WFA Asset Management Corp’s holdings in Schwab US Dividend Equity ETF were worth $8,747,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SCHD. PrairieView Partners LLC increased its stake in Schwab US Dividend Equity ETF by 57.3% during the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after purchasing an additional 467 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of 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 valued at $34,000 after buying an additional 907 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Schwab US Dividend Equity ETF during the second quarter valued at about $39,000. Independence Bank of Kentucky bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $41,000. Finally, True Wealth Design LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 42.9% in the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after acquiring an additional 450 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $29.17 on Friday. The stock has a market cap of $76.50 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.26. The firm’s 50-day simple moving average is $27.79 and its 200 day simple moving average is $27.39.

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.