Patten & Patten Inc. TN Sells 1,722 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Patten & Patten Inc. TN cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,171 shares of the company’s stock after selling 1,722 shares during the period. Patten & Patten Inc. TN’s holdings in Schwab US Dividend Equity ETF were worth $739,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Advisory Inc. increased its holdings in Schwab US Dividend Equity ETF by 0.4% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 9,721,361 shares of the company’s stock valued at $783,833,000 after purchasing an additional 40,493 shares during the period. Avantax Advisory Services Inc. increased its holdings in Schwab US Dividend Equity ETF by 4.0% in the first quarter. Avantax Advisory Services Inc. now owns 7,775,195 shares of the company’s stock valued at $626,914,000 after purchasing an additional 299,496 shares during the period. Sumitomo Life Insurance Co. increased its holdings in Schwab US Dividend Equity ETF by 110.7% in the first quarter. Sumitomo Life Insurance Co. now owns 6,320,000 shares of the company’s stock valued at $471,352,000 after purchasing an additional 3,320,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Schwab US Dividend Equity ETF by 11.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,712,485 shares of the company’s stock valued at $460,598,000 after purchasing an additional 604,844 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in Schwab US Dividend Equity ETF by 7.1% in the first quarter. Commonwealth Equity Services LLC now owns 4,444,733 shares of the company’s stock valued at $358,379,000 after purchasing an additional 292,782 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock traded up $0.05 on Monday, reaching $81.16. 3,025,564 shares of the company were exchanged, compared to its average volume of 3,290,463. The company has a market cap of $56.93 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The company has a 50-day moving average of $78.41 and a 200-day moving average of $77.94. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $82.94.

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.