Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stake Trimmed by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 56.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,879 shares of the company’s stock after selling 33,003 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHD. Raleigh Capital Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $28,000. Signature Resources Capital Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $32,000. Bear Mountain Capital Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $34,000. Howe & Rusling Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 209.8% during the third quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock valued at $36,000 after buying an additional 344 shares in the last quarter. Finally, Carmel Capital Partners LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at $39,000.

Schwab US Dividend Equity ETF Trading Up 0.9 %

NYSEARCA SCHD traded up $0.70 during trading on Friday, reaching $77.97. 2,613,230 shares of the company’s stock were exchanged, compared to its average volume of 3,569,934. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The company’s fifty day simple moving average is $78.31 and its 200-day simple moving average is $75.49. The firm has a market capitalization of $54.54 billion, a PE ratio of 14.82 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.