Rench Wealth Management Inc. Sells 378 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Rench Wealth Management Inc. lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,201 shares of the company’s stock after selling 378 shares during the quarter. Rench Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sumitomo Life Insurance Co. bought a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at about $228,390,000. Focus Financial Network Inc. ADV bought a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth $95,831,000. International Assets Investment Management LLC purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter worth $89,561,000. LPL Financial LLC raised its position in Schwab US Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after purchasing an additional 503,970 shares during the period. Finally, DDD Partners LLC raised its position in Schwab US Dividend Equity ETF by 12,161.9% in the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock worth $37,163,000 after purchasing an additional 484,167 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.6 %

Shares of SCHD stock traded down $0.47 during mid-day trading on Tuesday, reaching $77.30. The stock had a trading volume of 1,225,736 shares, compared to its average volume of 3,335,117. The stock’s 50-day moving average price is $78.15 and its two-hundred day moving average price is $77.12. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $80.82. The firm has a market capitalization of $54.23 billion, a PE ratio of 15.04 and a beta of 0.74.

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.