Collaborative Wealth Managment Inc. Has $317,000 Stock Position in Schwab US Dividend Equity ETF $SCHD

Collaborative Wealth Managment Inc. reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 74.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,340 shares of the company’s stock after selling 30,735 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in Schwab US Dividend Equity ETF were worth $317,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SCHD. Cassaday & Co Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the period. Paradiem LLC bought a new stake in Schwab US Dividend Equity ETF in the 1st quarter valued at $56,258,000. Cibc World Market Inc. grew its holdings in Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares in the last quarter. Keudell Morrison Wealth Management bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $43,773,000. Finally, Baer Investment Advisory LLC bought a new position in Schwab US Dividend Equity ETF during the 1st quarter worth $46,847,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $32.34 on Thursday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $32.92. The company has a market capitalization of $98.42 billion, a P/E ratio of 14.57 and a beta of 0.68. The stock has a fifty day moving average of $32.20 and a 200-day moving average of $31.01.

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.