Private Advisor Group LLC Sells 103,190 Shares of Schwab US Dividend Equity ETF $SCHD

Private Advisor Group LLC decreased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.7% during the first quarter, HoldingsChannel.com reports. The firm owned 1,430,798 shares of the company’s stock after selling 103,190 shares during the period. Private Advisor Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $43,897,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Elmwood Wealth Management Inc. purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $1,003,000. Bell Bank boosted its holdings in Schwab US Dividend Equity ETF by 53.3% in the 4th quarter. Bell Bank now owns 104,155 shares of the company’s stock valued at $2,857,000 after purchasing an additional 36,212 shares during the period. Aspire Capital Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF by 2.9% in the 4th quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock valued at $29,184,000 after purchasing an additional 30,146 shares during the period. BIP Wealth LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $1,589,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Schwab US Dividend Equity ETF by 18.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock valued at $14,369,000 after purchasing an additional 82,981 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $32.39 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $32.92. The stock has a market cap of $97.46 billion, a P/E ratio of 14.57 and a beta of 0.68. The firm’s fifty day moving average price is $32.04 and its 200-day moving average price is $30.70.

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.