Schwab US Dividend Equity ETF $SCHD Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,411,808 shares of the company’s stock after selling 272,730 shares during the quarter. HighTower Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $148,446,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. grew its position in shares of Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after acquiring an additional 832 shares during the last quarter. Merrithew & Thorsten Inc purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $25,000. Biltmore Family Office LLC grew its position in shares of Schwab US Dividend Equity ETF by 116.4% during the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after acquiring an additional 524 shares during the last quarter. Field & Main Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000.

Schwab US Dividend Equity ETF Trading Up 0.2%

Shares of SCHD opened at $32.10 on Wednesday. Schwab US Dividend Equity ETF has a 12-month low of $25.69 and a 12-month high of $32.19. The company’s 50 day simple moving average is $31.04 and its 200-day simple moving average is $29.55. The firm has a market cap of $91.12 billion, a PE ratio of 14.57 and a beta of 0.68.

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.