SevenBridge Financial Group LLC Lowers Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

SevenBridge Financial Group LLC decreased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 430,634 shares of the company’s stock after selling 1,705 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 2.3% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 7th biggest position. SevenBridge Financial Group LLC owned about 0.06% of Schwab US Dividend Equity ETF worth $12,002,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. OneAscent Financial Services LLC bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at about $1,361,000. Cynosure Group LLC increased its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Cynosure Group LLC now owns 99,603 shares of the company’s stock valued at $2,721,000 after acquiring an additional 66,402 shares during the last quarter. Creekmur Asset Management LLC increased its stake in Schwab US Dividend Equity ETF by 208.0% in the fourth quarter. Creekmur Asset Management LLC now owns 900,926 shares of the company’s stock valued at $24,613,000 after acquiring an additional 608,390 shares during the last quarter. DKM Wealth Management Inc. bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth $482,000. Finally, Private Portfolio Partners LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 204.4% in the 4th quarter. Private Portfolio Partners LLC now owns 154,097 shares of the company’s stock valued at $4,210,000 after purchasing an additional 103,473 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $27.87 on Wednesday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The firm has a market cap of $70.23 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. The business’s fifty day moving average is $27.96 and its 200-day moving average is $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a $0.2488 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

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.