Horizon Investments LLC Sells 224,118 Shares of Schwab US Dividend Equity ETF $SCHD

Horizon Investments LLC cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 63.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,764 shares of the company’s stock after selling 224,118 shares during the period. Horizon Investments LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SCHD. Colorado Capital Management Inc. boosted its stake in Schwab US Dividend Equity ETF by 0.9% in the fourth quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock worth $1,060,000 after purchasing an additional 362 shares in the last quarter. Ellis Investment Partners LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.1% during the third quarter. Ellis Investment Partners LLC now owns 34,365 shares of the company’s stock worth $938,000 after acquiring an additional 375 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of Schwab US Dividend Equity ETF by 5.6% during the third quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock worth $198,000 after acquiring an additional 383 shares during the last quarter. International Private Wealth Advisors LLC lifted its stake in Schwab US Dividend Equity ETF by 3.3% in the fourth quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock valued at $340,000 after buying an additional 397 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Schwab US Dividend Equity ETF by 3.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 12,384 shares of the company’s stock valued at $339,000 after buying an additional 402 shares during the period.

Schwab US Dividend Equity ETF Trading Down 1.1%

NYSEARCA:SCHD opened at $31.52 on Tuesday. Schwab US Dividend Equity ETF has a 1-year low of $25.50 and a 1-year high of $32.13. The business’s 50-day moving average price is $30.99 and its two-hundred day moving average price is $29.18. The firm has a market capitalization of $89.48 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.