Petra Financial Advisors Inc. Cuts Stake in Schwab US Dividend Equity ETF $SCHD

Petra Financial Advisors Inc. lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 25.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,893 shares of the company’s stock after selling 18,323 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 1.0% of Petra Financial Advisors Inc.’s investment portfolio, making the stock its 23rd biggest position. Petra Financial Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHD. Mountain Hill Investment Partners Corp. raised its holdings in shares of Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after acquiring an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth approximately $25,000. Field & Main Bank acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth approximately $29,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000. Finally, Triumph Capital Management purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $33,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $32.82 on Wednesday. The business has a fifty day moving average price of $32.30 and a 200 day moving average price of $31.16. Schwab US Dividend Equity ETF has a one year low of $26.21 and a one year high of $33.50. The company has a market cap of $100.28 billion, a P/E ratio of 14.57 and a beta of 0.68.

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.