Diversify Wealth Management LLC Sells 27,691 Shares of Schwab US Dividend Equity ETF $SCHD

Diversify Wealth Management LLC lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.1% in the first quarter, HoldingsChannel.com reports. The firm owned 183,065 shares of the company’s stock after selling 27,691 shares during the quarter. Diversify Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,757,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Valmark Advisers Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 1.5% in the 1st quarter. Valmark Advisers Inc. now owns 2,665,661 shares of the company’s stock valued at $81,782,000 after buying an additional 38,194 shares during the period. UNIVEST FINANCIAL Corp raised its position in shares of Schwab US Dividend Equity ETF by 14.1% during the first quarter. UNIVEST FINANCIAL Corp now owns 11,970 shares of the company’s stock worth $367,000 after acquiring an additional 1,477 shares during the last quarter. Kaizen Financial Strategies acquired a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at $271,000. Capital Squared Financial LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 8.5% during the first quarter. Capital Squared Financial LLC now owns 79,324 shares of the company’s stock valued at $2,434,000 after acquiring an additional 6,207 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Schwab US Dividend Equity ETF by 7.5% in the first quarter. Fifth Third Bancorp now owns 2,740,918 shares of the company’s stock valued at $84,091,000 after acquiring an additional 190,748 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $32.40 on Monday. The firm has a market cap of $98.40 billion, a price-to-earnings 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. The stock has a 50-day moving average price of $32.17 and a 200 day moving average price of $30.91.

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.