Focus Financial Network Inc. Has $57.66 Million Stake in Schwab US Dividend Equity ETF $SCHD

Focus Financial Network Inc. lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,818,289 shares of the company’s stock after selling 164,885 shares during the period. Schwab US Dividend Equity ETF accounts for 1.8% of Focus Financial Network Inc.’s portfolio, making the stock its 10th largest holding. Focus Financial Network Inc. owned 0.06% of Schwab US Dividend Equity ETF worth $57,658,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SCHD. Freestone Capital Holdings LLC grew its position in shares of Schwab US Dividend Equity ETF by 62.7% in the fourth quarter. Freestone Capital Holdings LLC now owns 42,792 shares of the company’s stock valued at $1,174,000 after purchasing an additional 16,486 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Schwab US Dividend Equity ETF by 18.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock worth $14,369,000 after purchasing an additional 82,981 shares during the last quarter. Annex Advisory Services LLC boosted its stake in Schwab US Dividend Equity ETF by 3,070.8% during the 4th quarter. Annex Advisory Services LLC now owns 312,387 shares of the company’s stock valued at $8,569,000 after purchasing an additional 302,535 shares during the period. Farther Finance Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 52.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,036,896 shares of the company’s stock valued at $28,442,000 after purchasing an additional 358,353 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Schwab US Dividend Equity ETF by 351,462.5% during the 4th quarter. BNP Paribas Financial Markets now owns 337,500 shares of the company’s stock valued at $9,258,000 after purchasing an additional 337,404 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $33.90 on Monday. The stock’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $31.63. The firm has a market capitalization of $105.32 billion, a P/E ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $34.24.

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.