Verus Financial Partners Inc. Reduces Stake in Schwab US Dividend Equity ETF $SCHD

Verus Financial Partners Inc. cut its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 91.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 89,623 shares of the company’s stock after selling 944,739 shares during the quarter. Schwab US Dividend Equity ETF comprises about 0.2% of Verus Financial Partners Inc.’s investment portfolio, making the stock its 28th biggest holding. Verus Financial Partners Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHD. Colorado Capital Management Inc. raised its position in shares of Schwab US Dividend Equity ETF by 0.9% during the 4th quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after buying an additional 362 shares in the last quarter. Ellis Investment Partners LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 1.1% in the third quarter. Ellis Investment Partners LLC now owns 34,365 shares of the company’s stock worth $938,000 after buying an additional 375 shares during the period. Westside Investment Management Inc. boosted its holdings in Schwab US Dividend Equity ETF by 5.6% during the 3rd quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock valued at $198,000 after acquiring an additional 383 shares during the period. International Private Wealth Advisors LLC grew its position in Schwab US Dividend Equity ETF by 3.3% in the 4th quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock valued at $340,000 after acquiring an additional 397 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Schwab US Dividend Equity ETF by 3.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 12,384 shares of the company’s stock worth $339,000 after purchasing an additional 402 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $32.07 on Friday. The company has a market cap of $90.78 billion, a PE ratio of 14.57 and a beta of 0.70. The firm’s 50 day moving average price is $30.99 and its 200-day moving average price is $29.14. Schwab US Dividend Equity ETF has a 52-week low of $25.50 and a 52-week high of $32.10.

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.