LPF Advisors LLC Sells 13,213 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

LPF Advisors LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,933 shares of the company’s stock after selling 13,213 shares during the period. Schwab US Dividend Equity ETF accounts for about 2.7% of LPF Advisors LLC’s portfolio, making the stock its 9th biggest position. LPF Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Bank of America Corp DE increased its stake in Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after acquiring an additional 42,218,696 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $592,939,000. Avantax Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 208.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after buying an additional 13,264,762 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.2%

NYSEARCA:SCHD opened at $26.54 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The stock’s 50-day simple moving average is $25.85 and its 200 day simple moving average is $27.27. The firm has a market capitalization of $69.00 billion, a PE ratio of 15.93 and a beta of 0.82.

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.