Focus Financial Network Inc. Sells 33,586 Shares of Schwab US Dividend Equity ETF $SCHD

Focus Financial Network Inc. reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,198,048 shares of the company’s stock after selling 33,586 shares during the period. Schwab US Dividend Equity ETF accounts for 3.1% of Focus Financial Network Inc.’s investment portfolio, making the stock its 5th biggest holding. Focus Financial Network Inc.’s holdings in Schwab US Dividend Equity ETF were worth $87,307,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in SCHD. Kozak & Associates Inc. boosted its holdings in Schwab US Dividend Equity ETF by 476.1% in the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after acquiring an additional 938 shares during the last quarter. PrairieView Partners LLC lifted its position in Schwab US Dividend Equity ETF by 57.3% during the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after purchasing an additional 467 shares during the period. Financial Management Professionals Inc. lifted its position in Schwab US Dividend Equity ETF by 241.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after purchasing an additional 907 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at about $39,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $41,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $27.46 on Friday. The company’s 50 day simple moving average is $27.14 and its 200 day simple moving average is $27.14. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $28.84. The firm has a market capitalization of $71.01 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.