Avantax Planning Partners Inc. Has $168.97 Million Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Avantax Planning Partners Inc. trimmed its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 45.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 5,507,557 shares of the company’s stock after selling 4,598,666 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 4.6% of Avantax Planning Partners Inc.’s portfolio, making the stock its 5th biggest position. Avantax Planning Partners Inc.’s holdings in Schwab US Dividend Equity ETF were worth $168,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC grew its position in Schwab US Dividend Equity ETF by 404.6% in the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after acquiring an additional 84,262 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Schwab US Dividend Equity ETF by 206.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after acquiring an additional 51,696 shares during the period. Bison Wealth LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 234.4% during the 4th quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after purchasing an additional 309,400 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Schwab US Dividend Equity ETF by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after acquiring an additional 155,769 shares in the last quarter. Finally, United Bank increased its holdings in shares of Schwab US Dividend Equity ETF by 5.0% during the second quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after acquiring an additional 9,351 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $32.56 on Tuesday. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $32.92. The company’s fifty day moving average price is $32.18 and its 200-day moving average price is $30.94. The firm has a market capitalization of $98.88 billion, a PE ratio of 14.57 and a beta of 0.68.

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.