Northwestern Mutual Wealth Management Co. decreased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 9.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,050,361 shares of the company’s stock after selling 1,501,774 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Schwab US Dividend Equity ETF were worth $385,401,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of SCHD. Mountain Hill Investment Partners Corp. raised its position in shares of 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 valued at $25,000 after purchasing an additional 832 shares during the period. Merrithew & Thorsten Inc bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $25,000. Field & Main Bank bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $29,000. Dynamic Wealth Strategies LLC bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $29,000. Finally, Triumph Capital Management bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $33,000.
Schwab US Dividend Equity ETF Trading Up 0.2%
Shares of NYSEARCA SCHD opened at $32.63 on Friday. The firm has a market cap of $92.63 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1-year low of $25.89 and a 1-year high of $32.91. The business’s 50 day moving average is $31.27 and its 200-day moving average is $29.85.
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.
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