LPL Financial LLC Has $881.97 Million Position in Schwab US Dividend Equity ETF $SCHD

LPL Financial LLC reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,153,434 shares of the company’s stock after selling 4,139,914 shares during the period. LPL Financial LLC owned about 1.22% of Schwab US Dividend Equity ETF worth $881,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SCHD. Mountain Hill Investment Partners Corp. boosted its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares in the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $25,000. Field & Main Bank acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $29,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $29,000. Finally, Triumph Capital Management acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $33,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $32.30 on Monday. The company’s 50 day moving average is $31.49 and its 200-day moving average is $30.07. Schwab US Dividend Equity ETF has a 1-year low of $26.16 and a 1-year high of $32.91. The company has a market cap of $91.69 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.