Schaeffer Financial LLC Has $16.29 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

Schaeffer Financial LLC decreased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 596,593 shares of the company’s stock after selling 106,347 shares during the period. Schwab US Dividend Equity ETF accounts for 14.8% of Schaeffer Financial LLC’s investment portfolio, making the stock its 4th biggest holding. Schaeffer Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $16,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Cahill Financial Advisors Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 6.9% in the third quarter. Cahill Financial Advisors Inc. now owns 304,954 shares of the company’s stock valued at $8,325,000 after acquiring an additional 19,570 shares in the last quarter. Asset Allocation & Management Company LLC boosted its position in Schwab US Dividend Equity ETF by 9.1% in the third quarter. Asset Allocation & Management Company LLC now owns 329,627 shares of the company’s stock worth $8,999,000 after purchasing an additional 27,570 shares during the last quarter. Valley Wealth Managers Inc. grew its stake in Schwab US Dividend Equity ETF by 3.2% in the 3rd quarter. Valley Wealth Managers Inc. now owns 17,706 shares of the company’s stock valued at $483,000 after purchasing an additional 553 shares during the period. Golden State Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 35.8% in the 3rd quarter. Golden State Wealth Management LLC now owns 23,020 shares of the company’s stock valued at $628,000 after purchasing an additional 6,072 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 36.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 196,460 shares of the company’s stock valued at $5,363,000 after purchasing an additional 52,487 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $29.37 on Friday. The company has a market capitalization of $77.11 billion, a P/E ratio of 14.57 and a beta of 0.77. The company’s 50-day moving average is $28.02 and its 200 day moving average is $27.45. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.79.

Schwab US Dividend Equity ETF 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.