Schwab US Dividend Equity ETF $SCHD Shares Sold by Cornerstone Planning Group LLC

Cornerstone Planning Group LLC reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 63.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,366 shares of the company’s stock after selling 143,501 shares during the period. Cornerstone Planning Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in shares of Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after purchasing an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. boosted its holdings in Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after buying an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings 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 worth $253,570,000 after buying an additional 3,170,728 shares in the last quarter. Royal Bank of Canada grew its position in Schwab US Dividend Equity ETF by 4.0% during the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after buying an additional 304,047 shares during the period. Finally, Cibc World Market Inc. grew its position in Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after buying an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.4%

Shares of Schwab US Dividend Equity ETF stock opened at $32.91 on Friday. The company has a 50-day moving average of $32.26 and a two-hundred day moving average of $31.06. Schwab US Dividend Equity ETF has a 12-month low of $26.21 and a 12-month high of $33.50. The stock has a market cap of $100.39 billion, a PE ratio of 14.57 and a beta of 0.68.

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.