Cynosure Group LLC Cuts Stock Position in Schwab US Dividend Equity ETF $SCHD

Cynosure Group LLC lessened its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 38.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,726 shares of the company’s stock after selling 15,540 shares during the quarter. Cynosure Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. grew its stake in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares in the last quarter. Merrithew & Thorsten Inc acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $25,000. Field & Main Bank acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $29,000. Dynamic Wealth Strategies LLC acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $29,000. Finally, Triumph Capital Management acquired a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $33,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $32.63 on Tuesday. The stock has a 50-day simple moving average of $31.72 and a 200-day simple moving average of $30.30. The stock has a market cap of $92.63 billion, a P/E ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 1 year low of $26.16 and a 1 year high of $32.92.

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.