Y Intercept Hong Kong Ltd lowered its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 68.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,028 shares of the company’s stock after selling 19,197 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Schwab US Dividend Equity ETF were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 52.2% in the fourth 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. Cibc World Market Inc. boosted its position in Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares during the last quarter. Keudell Morrison Wealth Management acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $43,773,000. Evergreen Advisors LLC bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $41,630,000. Finally, Argent Capital Management LLC bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $29,815,000.
Schwab US Dividend Equity ETF Stock Up 0.4%
NYSEARCA:SCHD opened at $32.34 on Thursday. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $32.92. The firm has a market capitalization of $98.42 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The stock’s 50 day moving average price is $32.20 and its two-hundred day moving average price is $31.01.
About Schwab US Dividend Equity ETF
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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