Leavell Investment Management Inc. Has $10.78 Million Position in Schwab US Dividend Equity ETF $SCHD

Leavell Investment Management Inc. lowered its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 19.0% in the third quarter, Holdings Channel reports. The firm owned 394,779 shares of the company’s stock after selling 92,852 shares during the period. Leavell Investment Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,777,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Schwab US Dividend Equity ETF by 404.6% in the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after acquiring an additional 84,262 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Schwab US Dividend Equity ETF by 206.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after purchasing an additional 51,696 shares during the last quarter. Bison Wealth LLC increased its stake in shares of Schwab US Dividend Equity ETF by 234.4% in the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after purchasing an additional 309,400 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 35.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock worth $16,579,000 after purchasing an additional 155,769 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $1,086,000.

Schwab US Dividend Equity ETF Stock Down 0.4%

SCHD opened at $28.90 on Friday. The stock’s 50 day moving average price is $27.64 and its two-hundred day moving average price is $27.34. The firm has a market capitalization of $75.63 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.11.

Schwab US Dividend Equity ETF 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.