Balboa Wealth Partners Reduces Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Balboa Wealth Partners cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 29.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,992 shares of the company’s stock after selling 3,392 shares during the period. Balboa Wealth Partners’ holdings in Schwab US Dividend Equity ETF were worth $218,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $34,000. Cassady Schiller Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $38,000. Phillips Financial Management LLC boosted its position in Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after buying an additional 391 shares during the period. Hobbs Group Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $68,000. Finally, Prospera Private Wealth LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $73,000.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $27.64 on Friday. The stock has a market cap of $68.55 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The firm has a 50-day moving average of $27.89 and a two-hundred day moving average of $28.13.

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.