Wealthspire Advisors LLC Trims Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Wealthspire Advisors LLC trimmed its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,195,285 shares of the company’s stock after selling 226,598 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 5.6% of Wealthspire Advisors LLC’s holdings, making the stock its 4th biggest holding. Wealthspire Advisors LLC owned approximately 0.79% of Schwab US Dividend Equity ETF worth $395,517,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $28,000. Signature Resources Capital Management LLC bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $32,000. Bear Mountain Capital Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $34,000. Howe & Rusling Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 209.8% in the third quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock worth $36,000 after buying an additional 344 shares during the period. Finally, Carmel Capital Partners LLC bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $39,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD traded up $0.61 during trading hours on Thursday, hitting $79.12. The company’s stock had a trading volume of 3,004,592 shares, compared to its average volume of 3,539,929. The business has a 50-day simple moving average of $78.35 and a 200-day simple moving average of $75.63. The stock has a market cap of $55.35 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82.

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.