RMB Capital Management LLC Lowers Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

RMB Capital Management LLC trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 298,300 shares of the company’s stock after selling 16,392 shares during the period. RMB Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $22,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of SCHD. Sumitomo Life Insurance Co. purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $228,390,000. Focus Financial Network Inc. ADV purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $95,831,000. International Assets Investment Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $89,561,000. LPL Financial LLC lifted its stake 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 valued at $797,645,000 after buying an additional 503,970 shares in the last quarter. Finally, DDD Partners LLC increased its position in Schwab US Dividend Equity ETF by 12,161.9% during the fourth quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock worth $37,163,000 after buying an additional 484,167 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.5 %

Shares of NYSEARCA SCHD traded down $0.35 during trading on Tuesday, reaching $77.42. The company had a trading volume of 2,179,107 shares, compared to its average volume of 3,344,792. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The stock has a 50-day moving average price of $78.15 and a two-hundred day moving average price of $77.12. The stock has a market capitalization of $54.31 billion, a PE ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF Company 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.