D.A. Davidson & CO. cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 12.3% during the first quarter, HoldingsChannel.com reports. The firm owned 1,957,156 shares of the company’s stock after selling 274,903 shares during the period. D.A. Davidson & CO.’s holdings in Schwab US Dividend Equity ETF were worth $60,046,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC boosted its stake in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after buying an additional 3,170,728 shares in the last quarter. Paradiem LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter worth approximately $56,258,000. Cibc World Market Inc. lifted its holdings in shares of 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 acquiring an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $43,773,000. Finally, Baer Investment Advisory LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter worth about $46,847,000.
Schwab US Dividend Equity ETF Stock Up 0.4%
Shares of SCHD stock opened at $32.34 on Thursday. The company has a market capitalization of $98.42 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12-month low of $26.21 and a 12-month high of $32.92. The firm has a 50-day moving average price of $32.20 and a 200 day moving average price of $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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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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