Archer Investment Corp Reduces Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Archer Investment Corp lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 77.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 593 shares of the company’s stock after selling 2,073 shares during the quarter. Archer Investment Corp’s holdings in Schwab US Dividend Equity ETF were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 115.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 353 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $28,000. Bear Mountain Capital Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $34,000. Howe & Rusling Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 209.8% during the 3rd quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock valued at $36,000 after buying an additional 344 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 464.5% during the 2nd quarter. BlackRock Inc. now owns 525 shares of the company’s stock valued at $38,000 after buying an additional 432 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $75.81 on Thursday. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The firm’s fifty day moving average is $78.25 and its 200 day moving average is $74.86. The stock has a market cap of $53.12 billion, a price-to-earnings ratio of 15.00 and a beta of 0.79.

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.