GPM Growth Investors Inc. Decreases Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

GPM Growth Investors Inc. lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 30.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 41,383 shares of the company’s stock after selling 18,279 shares during the quarter. GPM Growth Investors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $3,150,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SCHD. LPL Financial LLC increased its position in Schwab US Dividend Equity ETF by 4.7% during the third quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after buying an additional 503,970 shares during the period. Avantax Advisory Services Inc. grew its position in Schwab US Dividend Equity ETF by 3.7% during the third quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after acquiring an additional 266,516 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock valued at $408,896,000 after acquiring an additional 145,168 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Schwab US Dividend Equity ETF by 1.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,188,556 shares of the company’s stock valued at $367,142,000 after acquiring an additional 96,234 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Schwab US Dividend Equity ETF by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 4,349,008 shares of the company’s stock worth $307,736,000 after purchasing an additional 95,086 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD traded down $0.69 during mid-day trading on Tuesday, hitting $77.23. The company had a trading volume of 1,416,587 shares, compared to its average volume of 3,581,492. The stock has a market cap of $54.03 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. The firm’s 50 day simple moving average is $78.32 and its two-hundred day simple moving average is $75.31. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82.

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.