Sanibel Captiva Trust Company Inc. Cuts Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sanibel Captiva Trust Company Inc. lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,683 shares of the company’s stock after selling 250 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Schwab US Dividend Equity ETF were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Traynor Capital Management Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 53.6% in the 1st quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock valued at $495,000 after acquiring an additional 2,142 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in Schwab US Dividend Equity ETF by 332.8% in the first quarter. Concurrent Investment Advisors LLC now owns 19,005 shares of the company’s stock worth $1,532,000 after purchasing an additional 14,614 shares during the last quarter. Tidal Investments LLC bought a new stake in Schwab US Dividend Equity ETF in the first quarter worth about $310,000. Apexium Financial LP lifted its stake in Schwab US Dividend Equity ETF by 27.0% in the fourth quarter. Apexium Financial LP now owns 287,086 shares of the company’s stock worth $21,856,000 after purchasing an additional 60,972 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Schwab US Dividend Equity ETF by 576.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,859 shares of the company’s stock worth $956,000 after purchasing an additional 10,106 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD traded up $0.26 during trading on Wednesday, hitting $82.48. The stock had a trading volume of 1,071,505 shares, compared to its average volume of 3,237,338. The stock has a market capitalization of $57.86 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $83.19. The stock has a 50 day simple moving average of $79.53 and a 200 day simple moving average of $78.64.

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.