Schwab US Dividend Equity ETF $SCHD Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 18.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 104,590 shares of the company’s stock after selling 23,018 shares during the period. Bessemer Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $3,208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. increased its holdings 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 valued at $25,000 after acquiring an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $25,000. Field & Main Bank acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $29,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $29,000. Finally, Triumph Capital Management purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $33,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $32.82 on Wednesday. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $33.50. The stock has a market cap of $100.28 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The firm has a 50 day simple moving average of $32.30 and a 200-day simple moving average of $31.16.

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.