Grimes & Company Inc. Sells 7,187 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Grimes & Company Inc. trimmed its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 25.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,561 shares of the company’s stock after selling 7,187 shares during the quarter. Grimes & Company Inc.’s holdings in Schwab US Dividend Equity ETF were worth $603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after purchasing an additional 42,218,696 shares during the period. LPL Financial LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after buying an additional 24,783,386 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares during the period. Raymond James Financial Inc. purchased a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth $592,939,000. Finally, Envestnet Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 208.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after acquiring an additional 13,264,762 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.7%

Shares of Schwab US Dividend Equity ETF stock opened at $26.72 on Wednesday. The company has a market capitalization of $69.47 billion, a price-to-earnings ratio of 15.93 and a beta of 0.82. The stock’s 50-day simple moving average is $26.02 and its 200-day simple moving average is $27.14. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72.

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.