NewEdge Advisors LLC Decreases Stock Holdings in Schwab US Dividend Equity ETF $SCHD

NewEdge Advisors LLC reduced its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 53.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 490,058 shares of the company’s stock after selling 562,549 shares during the quarter. NewEdge Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $13,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after acquiring an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after acquiring an additional 366,548 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its stake in shares of Schwab US Dividend Equity ETF by 3.5% during the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Schwab US Dividend Equity ETF by 8.3% during the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after purchasing an additional 660,876 shares during the period. Finally, Cibc World Market Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after purchasing an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $33.83 on Thursday. The stock has a market capitalization of $104.48 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $34.24. The business’s 50-day moving average is $32.47 and its 200 day moving average is $31.39.

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.