Members Advisory Group LLC Sells 223,631 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Members Advisory Group LLC cut its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 90.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,946 shares of the company’s stock after selling 223,631 shares during the period. Schwab US Dividend Equity ETF accounts for about 0.3% of Members Advisory Group LLC’s investment portfolio, making the stock its 24th biggest position. Members Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $31,000. Legacy Investment Solutions LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $34,000. Barrett & Company Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $38,000. Finally, Phillips Financial Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 144.8% during the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $28.21 on Friday. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The company has a 50 day moving average of $27.69 and a 200-day moving average of $28.03. The stock has a market cap of $69.11 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

Schwab US Dividend Equity ETF 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.