NewEdge Advisors LLC Trims Stock Position in Schwab US Dividend Equity ETF $SCHD

NewEdge Advisors LLC cut its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 53.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 490,058 shares of the company’s stock after selling 562,549 shares during the quarter. NewEdge Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $13,727,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SCHD. Mountain Hill Investment Partners Corp. increased its position in shares of Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after buying an additional 832 shares during the period. Merrithew & Thorsten Inc bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $25,000. Field & Main Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter worth approximately $32,000.

Schwab US Dividend Equity ETF Stock Down 0.2%

NYSEARCA SCHD opened at $33.83 on Thursday. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $34.24. The firm has a market capitalization of $104.48 billion, a PE ratio of 14.57 and a beta of 0.68. The stock’s 50 day moving average is $32.47 and its 200 day moving average is $31.39.

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.