Schwab US Dividend Equity ETF $SCHD Stake Lowered by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 54.5% during the 4th quarter, HoldingsChannel reports. The fund owned 56,230 shares of the company’s stock after selling 67,470 shares during the period. Fisher Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,542,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCHD. Sumitomo Life Insurance Co. purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $847,665,000. Cibc World Market Inc. boosted its holdings in Schwab US Dividend Equity ETF by 243.5% in the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after purchasing an additional 3,777,339 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in 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 worth $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Keudell Morrison Wealth Management bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth $43,773,000. Finally, Evergreen Advisors LLC bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth $41,630,000.

Schwab US Dividend Equity ETF Trading Down 0.4%

Shares of NYSEARCA:SCHD opened at $32.50 on Friday. The stock has a market capitalization of $92.26 billion, a PE 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 firm has a fifty day moving average price of $31.31 and a 200 day moving average price of $29.87.

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.