Schwab US Dividend Equity ETF $SCHD Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC decreased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,807,842 shares of the company’s stock after selling 79,615 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 0.9% of Wealthfront Advisers LLC’s holdings, making the stock its 22nd largest position. Wealthfront Advisers LLC’s holdings in Schwab US Dividend Equity ETF were worth $392,945,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. increased its stake in Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $25,000. Field & Main Bank bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $29,000. Dynamic Wealth Strategies LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $29,000. Finally, Triumph Capital Management acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $33,000.

Schwab US Dividend Equity ETF Stock Up 0.4%

Shares of SCHD stock opened at $32.34 on Thursday. The company has a market cap of $98.42 billion, a P/E ratio of 14.57 and a beta of 0.68. The business has a 50 day moving average of $32.20 and a two-hundred day moving average of $31.01. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $32.92.

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.