Scott Capital Advisors LLC Trims Stock Position in Schwab US Dividend Equity ETF $SCHD

Scott Capital Advisors LLC decreased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,764,850 shares of the company’s stock after selling 118,563 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 10.7% of Scott Capital Advisors LLC’s holdings, making the stock its 2nd largest position. Scott Capital Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $48,410,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Rakuten Investment Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. acquired a new position in Schwab US Dividend Equity ETF in the third quarter worth $847,665,000. Cibc World Market Inc. boosted its holdings in Schwab US Dividend Equity ETF by 243.5% in the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after purchasing an additional 3,777,339 shares during the period. Osaic Holdings Inc. increased its stake in Schwab US Dividend Equity ETF by 12.1% during the second quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after purchasing an additional 1,217,005 shares during the last quarter. Finally, Lido Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $32,308,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $30.64 on Wednesday. The company’s fifty day moving average is $30.65 and its two-hundred day moving average is $28.49. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $31.95. The stock has a market capitalization of $80.59 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77.

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.