Maple Capital Management Inc. Sells 42,316 Shares of Schwab US Dividend Equity ETF $SCHD

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

A number of other institutional investors have also modified their holdings of the stock. Rakuten Investment Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $847,665,000. Cibc World Market Inc. raised its position in Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after purchasing an additional 3,777,339 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $32,308,000. Finally, Argent Capital Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth $29,815,000.

Schwab US Dividend Equity ETF Trading Down 0.1%

SCHD opened at $31.66 on Thursday. The company has a market capitalization of $89.87 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12-month low of $25.50 and a 12-month high of $32.13. The business’s fifty day simple moving average is $31.00 and its 200-day simple moving average is $29.25.

About Schwab US Dividend Equity ETF

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.