Schwab US Dividend Equity ETF $SCHD Shares Sold by Canal Capital Management LLC

Canal Capital Management LLC cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 81.2% in the 1st quarter, Holdings Channel reports. The fund owned 45,446 shares of the company’s stock after selling 195,678 shares during the period. Canal Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cassaday & Co Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares during the period. Cibc World Market Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after acquiring an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $43,773,000. Evergreen Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $41,630,000. Finally, Lido Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $32,308,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $32.39 on Friday. The stock’s 50 day simple moving average is $32.06 and its 200-day simple moving average is $30.72. The stock has a market cap of $97.46 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $32.92.

Schwab US Dividend Equity ETF 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.