Midwest Trust Co Sells 210,996 Shares of Schwab US Dividend Equity ETF $SCHD

Midwest Trust Co trimmed its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 30.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 473,275 shares of the company’s stock after selling 210,996 shares during the period. Midwest Trust Co’s holdings in Schwab US Dividend Equity ETF were worth $14,520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHD. Cassaday & Co Wealth Management LLC lifted its stake in shares of 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 valued at $253,570,000 after buying an additional 3,170,728 shares during the period. Cibc World Market Inc. increased its stake in 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 bought a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at about $43,773,000. Baer Investment Advisory LLC acquired a new position in Schwab US Dividend Equity ETF in the 1st quarter valued at approximately $46,847,000. Finally, Evergreen Advisors LLC acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $41,630,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $32.40 on Monday. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $32.92. The company has a market capitalization of $98.40 billion, a P/E ratio of 14.57 and a beta of 0.68. The stock has a 50 day moving average of $32.17 and a two-hundred day moving average of $30.91.

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.