Collaborative Wealth Managment Inc. Sells 30,735 Shares of Schwab US Dividend Equity ETF $SCHD

Collaborative Wealth Managment Inc. lowered its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 74.8% during the first quarter, HoldingsChannel reports. The institutional investor 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.

A number of other hedge funds have also recently added to or reduced their stakes in SCHD. Harmony Asset Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 3.8% in the first quarter. Harmony Asset Management LLC now owns 9,585 shares of the company’s stock worth $294,000 after purchasing an additional 354 shares during the period. NFSG Corp lifted its position in Schwab US Dividend Equity ETF by 134.1% during the first quarter. NFSG Corp now owns 2,976 shares of the company’s stock worth $91,000 after purchasing an additional 1,705 shares during the period. Northstar Financial Companies Inc. grew its stake in Schwab US Dividend Equity ETF by 49.0% during the first quarter. Northstar Financial Companies Inc. now owns 28,267 shares of the company’s stock worth $867,000 after buying an additional 9,291 shares in the last quarter. Ethos Financial Group LLC grew its stake in Schwab US Dividend Equity ETF by 9.4% during the first quarter. Ethos Financial Group LLC now owns 56,935 shares of the company’s stock worth $1,747,000 after buying an additional 4,907 shares in the last quarter. Finally, Advisors Preferred LLC grew its stake in Schwab US Dividend Equity ETF by 6.5% during the first quarter. Advisors Preferred LLC now owns 784,530 shares of the company’s stock worth $24,069,000 after buying an additional 47,900 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.4%

SCHD stock opened at $32.34 on Thursday. The company’s 50-day moving average price is $32.20 and its two-hundred day moving average price is $31.01. The firm has a market cap of $98.42 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $32.92.

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.