Equitable Trust Co. Decreases Position in Schwab US Dividend Equity ETF $SCHD

Equitable Trust Co. trimmed its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 648,025 shares of the company’s stock after selling 48,212 shares during the quarter. Schwab US Dividend Equity ETF comprises about 0.9% of Equitable Trust Co.’s portfolio, making the stock its 24th biggest holding. Equitable Trust Co.’s holdings in Schwab US Dividend Equity ETF were worth $19,881,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after acquiring an additional 1,694,144 shares during the last quarter. Keudell Morrison Wealth Management purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $43,773,000. Baer Investment Advisory LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the first quarter worth approximately $46,847,000. Finally, Evergreen Advisors LLC acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $41,630,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $32.26 on Friday. The business has a fifty day moving average price of $32.15 and a 200 day moving average price of $30.87. The company has a market cap of $97.68 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a one year low of $26.21 and a one year high of $32.92.

Schwab US Dividend Equity ETF 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.