Channel Wealth LLC Sells 193,884 Shares of Schwab US Dividend Equity ETF $SCHD

Channel Wealth LLC lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 50.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 191,481 shares of the company’s stock after selling 193,884 shares during the period. Schwab US Dividend Equity ETF makes up about 1.3% of Channel Wealth LLC’s holdings, making the stock its 25th biggest holding. Channel Wealth LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHD. Brighton Jones LLC increased its holdings in Schwab US Dividend Equity ETF by 404.6% in the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after purchasing an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Schwab US Dividend Equity ETF by 206.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after buying an additional 51,696 shares during the last quarter. Bison Wealth LLC boosted its holdings in Schwab US Dividend Equity ETF by 234.4% during the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after buying an additional 309,400 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Schwab US Dividend Equity ETF by 35.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock worth $16,579,000 after buying an additional 155,769 shares during the period. Finally, United Bank grew its position in shares of Schwab US Dividend Equity ETF by 5.0% during the 2nd quarter. United Bank now owns 195,713 shares of the company’s stock worth $5,186,000 after buying an additional 9,351 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $31.62 on Friday. The stock has a market cap of $89.76 billion, a PE ratio of 14.57 and a beta of 0.68. The stock has a 50-day moving average of $30.99 and a 200-day moving average of $29.28. Schwab US Dividend Equity ETF has a one year low of $25.69 and a one year high of $32.13.

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.