Harbour Investments Inc. Sells 303,894 Shares of Schwab US Dividend Equity ETF $SCHD

Harbour Investments Inc. trimmed its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,613,032 shares of the company’s stock after selling 303,894 shares during the period. Schwab US Dividend Equity ETF accounts for 0.9% of Harbour Investments Inc.’s portfolio, making the stock its 16th largest position. Harbour Investments Inc. owned 0.06% of Schwab US Dividend Equity ETF worth $44,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $847,665,000. Avantax Planning Partners Inc. increased its position in Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after buying an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its position in Schwab US Dividend Equity ETF by 52.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after buying an additional 3,170,728 shares in the last quarter. MML Investors Services LLC increased its position in Schwab US Dividend Equity ETF by 3.2% during the 2nd quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock valued at $160,554,000 after buying an additional 185,649 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Schwab US Dividend Equity ETF by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 5,684,538 shares of the company’s stock valued at $155,188,000 after buying an additional 33,472 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $32.83 on Tuesday. The business’s 50-day moving average is $31.17 and its 200 day moving average is $29.72. Schwab US Dividend Equity ETF has a 1 year low of $25.69 and a 1 year high of $32.88. The firm has a market capitalization of $93.19 billion, a P/E ratio of 14.57 and a beta of 0.68.

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.