Parallel Advisors LLC Has $12.33 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

Parallel Advisors LLC reduced its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 401,970 shares of the company’s stock after selling 37,988 shares during the quarter. Parallel Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,332,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BIP Wealth LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $1,589,000. Freestone Capital Holdings LLC grew its stake in shares of Schwab US Dividend Equity ETF by 62.7% in the fourth quarter. Freestone Capital Holdings LLC now owns 42,792 shares of the company’s stock worth $1,174,000 after purchasing an additional 16,486 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Schwab US Dividend Equity ETF by 18.8% in the fourth 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 during the period. Carnegie Investment Counsel increased its holdings in Schwab US Dividend Equity ETF by 28.9% in the fourth quarter. Carnegie Investment Counsel now owns 470,751 shares of the company’s stock valued at $12,913,000 after purchasing an additional 105,601 shares during the period. Finally, Capital Investment Advisory Services LLC raised its position in Schwab US Dividend Equity ETF by 21.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 138,503 shares of the company’s stock worth $3,799,000 after purchasing an additional 24,551 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.9%

Shares of SCHD opened at $33.85 on Wednesday. The company has a market capitalization of $105.17 billion, a PE ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 12 month low of $26.32 and a 12 month high of $34.24. The stock’s 50-day moving average price is $32.55 and its two-hundred day moving average price is $31.52.

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.