Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Trimmed by Covington Investment Advisors Inc.

Covington Investment Advisors Inc. trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,478 shares of the company’s stock after selling 2,795 shares during the quarter. Schwab US Dividend Equity ETF comprises about 41.8% of Covington Investment Advisors Inc.’s holdings, making the stock its biggest holding. Covington Investment Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $477,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHD. Central Pacific Bank Trust Division grew its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares during the period. Hoese & Co LLP bought a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $26,000. Moisand Fitzgerald Tamayo LLC increased its position in Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after acquiring an additional 777 shares during the last quarter. PFG Private Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after acquiring an additional 686 shares during the period. Finally, IFS Advisors LLC boosted its position in Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after purchasing an additional 699 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.2 %

NYSEARCA SCHD opened at $27.75 on Friday. The company has a 50-day moving average price of $27.97 and a 200-day moving average price of $28.13. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The firm has a market capitalization of $69.93 billion, a P/E ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.2488 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

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.