New England Private Wealth Advisors LLC Cuts Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

New England Private Wealth Advisors LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 36.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,909 shares of the company’s stock after selling 62,871 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.5% of New England Private Wealth Advisors LLC’s portfolio, making the stock its 19th biggest position. New England Private Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 4.7% during the third quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after acquiring an additional 503,970 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 3.7% during the third quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after acquiring an additional 266,516 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock worth $408,896,000 after purchasing an additional 145,168 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Schwab US Dividend Equity ETF by 1.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,188,556 shares of the company’s stock worth $367,142,000 after purchasing an additional 96,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Schwab US Dividend Equity ETF by 8.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,422,807 shares of the company’s stock worth $312,958,000 after purchasing an additional 348,710 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.1 %

SCHD traded down $0.09 during trading on Friday, reaching $77.47. The stock had a trading volume of 2,393,751 shares, compared to its average volume of 3,622,651. The stock’s 50 day moving average is $78.31 and its two-hundred day moving average is $75.19. The company has a market capitalization of $54.19 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $80.82.

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.