WBI Investments LLC Sells 449 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

WBI Investments LLC cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,691 shares of the company’s stock after selling 449 shares during the period. WBI Investments LLC’s holdings in Schwab US Dividend Equity ETF were worth $586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raleigh Capital Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $28,000. Signature Resources Capital Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth approximately $32,000. Bear Mountain Capital Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth approximately $34,000. Howe & Rusling Inc. increased its position in shares of Schwab US Dividend Equity ETF by 209.8% in the third quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock worth $36,000 after purchasing an additional 344 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth approximately $44,000.

Schwab US Dividend Equity ETF Stock Down 0.7 %

Shares of SCHD stock traded down $0.59 during trading on Thursday, hitting $78.61. The company had a trading volume of 1,390,729 shares, compared to its average volume of 3,414,449. The stock’s 50-day moving average is $78.58 and its two-hundred day moving average is $76.40. The stock has a market capitalization of $55.14 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82.

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.