Salem Investment Counselors Inc. Sells 1,783 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Salem Investment Counselors Inc. reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,482 shares of the company’s stock after selling 1,783 shares during the period. Salem Investment Counselors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,055,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Schwab US Dividend Equity ETF by 569.6% in the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after buying an additional 42,218,696 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 214.9% in 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 shares of 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 valued at $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $592,939,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Schwab US Dividend Equity ETF by 208.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after purchasing an additional 13,264,762 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.4%

Shares of Schwab US Dividend Equity ETF stock opened at $26.90 on Friday. The firm has a market capitalization of $69.94 billion, a P/E ratio of 15.93 and a beta of 0.82. The company has a 50 day moving average price of $25.95 and a 200 day moving average price of $27.19. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72.

Schwab US Dividend Equity ETF 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.