Oppenheimer Asset Management Inc. Cuts Stake in Schwab US Dividend Equity ETF $SCHD

Oppenheimer Asset Management Inc. cut its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 18.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 156,452 shares of the company’s stock after selling 35,681 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Schwab US Dividend Equity ETF by 404.6% in the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after buying an additional 84,262 shares during the period. Revolve Wealth Partners LLC increased its stake in Schwab US Dividend Equity ETF by 206.9% during 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 last quarter. Bison Wealth LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 234.4% in 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 period. Allspring Global Investments Holdings LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 343.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,115 shares of the company’s stock valued at $339,000 after purchasing an additional 9,382 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 10.1% during the 1st quarter. Golden State Wealth Management LLC now owns 17,275 shares of the company’s stock worth $483,000 after purchasing an additional 1,586 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $27.00 on Wednesday. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The firm has a 50 day moving average price of $27.33 and a 200 day moving average price of $26.79. The company has a market cap of $69.94 billion, a PE 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.