Maple Capital Management Inc. Decreases Stock Position in Schwab US Dividend Equity ETF $SCHD

Maple Capital Management Inc. cut its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 69.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,863 shares of the company’s stock after selling 42,316 shares during the quarter. Maple Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHD. Rakuten Investment Management Inc. purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $847,665,000. Cibc World Market Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 243.5% during the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after buying an additional 3,777,339 shares during the last quarter. Lido Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $32,308,000. Finally, Argent Capital Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth approximately $29,815,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $31.66 on Thursday. Schwab US Dividend Equity ETF has a 52-week low of $25.50 and a 52-week high of $32.13. The firm has a market capitalization of $89.87 billion, a P/E ratio of 14.57 and a beta of 0.68. The stock has a 50 day moving average price of $31.00 and a 200 day moving average price of $29.25.

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.