Baker Ellis Asset Management LLC Lowers Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Baker Ellis Asset Management LLC reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.3% in the first quarter, Holdings Channel.com reports. The firm owned 397,882 shares of the company’s stock after selling 5,090 shares during the quarter. Schwab US Dividend Equity ETF makes up 1.6% of Baker Ellis Asset Management LLC’s holdings, making the stock its 16th biggest holding. Baker Ellis Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,125,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Ritter Daniher Financial Advisory LLC DE raised its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its holdings in Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after acquiring an additional 777 shares during the last quarter. PFG Private Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after buying an additional 686 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Finally, Morton Brown Family Wealth LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 1,152 shares of the company’s stock valued at $31,000 after buying an additional 768 shares during the period.

Schwab US Dividend Equity ETF Trading Up 1.1%

SCHD opened at $26.95 on Wednesday. The company has a market cap of $70.07 billion, a price-to-earnings ratio of 15.93 and a beta of 0.82. The company’s 50 day moving average is $25.83 and its 200 day moving average is $27.23. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72.

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.