Highwater Wealth Management LLC reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 53.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,002 shares of the company’s stock after selling 10,480 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.0% of Highwater Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position. Highwater Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of SCHD. Vista Private Wealth Partners. LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $4,562,000. Raub Brock Capital Management LP bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $2,326,000. Finally, First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $716,000.

Schwab US Dividend Equity ETF (NYSEARCA:SCHD) traded down $0.16 during mid-day trading on Wednesday, hitting $52.01. The company had a trading volume of 1,020,000 shares, compared to its average volume of 879,500. Schwab US Dividend Equity ETF has a 12-month low of $43.05 and a 12-month high of $52.40.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Tuesday, December 19th were issued a $0.3448 dividend. The ex-dividend date was Monday, December 18th. This represents a $1.38 annualized dividend and a dividend yield of 2.65%.

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