SVB Wealth LLC reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 32.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 36,749 shares of the company’s stock after selling 17,308 shares during the quarter. SVB Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,008,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Rakuten Investment Management Inc. bought a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at $1,127,144,000. Sumitomo Life Insurance Co. bought a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at $847,665,000. Avantax Planning Partners Inc. increased its holdings in Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock valued at $265,893,000 after acquiring an additional 280,277 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in Schwab US Dividend Equity ETF by 3.2% in the 2nd quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock valued at $160,554,000 after acquiring an additional 185,649 shares during the last quarter.
Schwab US Dividend Equity ETF Stock Performance
Shares of NYSEARCA SCHD opened at $31.75 on Tuesday. The company has a market cap of $90.13 billion, a P/E ratio of 14.57 and a beta of 0.68. The firm’s fifty day moving average is $31.00 and its two-hundred day moving average is $29.35. Schwab US Dividend Equity ETF has a 52-week low of $25.69 and a 52-week high of $32.13.
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.
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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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