Weaver Consulting Group Has $1.91 Million Position in Schwab US Dividend Equity ETF $SCHD

Weaver Consulting Group reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 18.9% during the fourth quarter, HoldingsChannel reports. The firm owned 69,438 shares of the company’s stock after selling 16,207 shares during the quarter. Weaver Consulting Group’s holdings in Schwab US Dividend Equity ETF were worth $1,905,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SCHD. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $847,665,000. Cibc World Market Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 243.5% in the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after purchasing an additional 3,777,339 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $43,773,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $41,630,000.

Schwab US Dividend Equity ETF Trading Up 0.2%

SCHD opened at $32.63 on Friday. The company’s 50 day moving average is $31.27 and its 200-day moving average is $29.85. Schwab US Dividend Equity ETF has a 1-year low of $25.89 and a 1-year high of $32.91. The company has a market cap of $92.63 billion, a P/E ratio of 14.57 and a beta of 0.68.

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.