Islay Capital Management LLC lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 387,107 shares of the company’s stock after selling 17,053 shares during the quarter. Schwab US Dividend Equity ETF accounts for 6.2% of Islay Capital Management LLC’s portfolio, making the stock its largest position. Islay Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $10,618,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. boosted its holdings in Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth approximately $25,000. Field & Main Bank purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth approximately $29,000. Dynamic Wealth Strategies LLC purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth approximately $29,000. Finally, Triumph Capital Management purchased a new stake in Schwab US Dividend Equity ETF in the third quarter worth approximately $33,000.
Schwab US Dividend Equity ETF Trading Down 0.6%
Shares of SCHD stock opened at $32.63 on Tuesday. Schwab US Dividend Equity ETF has a 12-month low of $26.16 and a 12-month high of $32.92. The stock has a market capitalization of $92.63 billion, a P/E ratio of 14.57 and a beta of 0.67. The firm’s 50 day moving average is $31.72 and its 200 day moving average is $30.30.
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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