KCM Investment Advisors LLC Sells 17,327 Shares of Schwab US Dividend Equity ETF $SCHD

KCM Investment Advisors LLC lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,879 shares of the company’s stock after selling 17,327 shares during the quarter. KCM Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,660,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SCHD. Sumitomo Life Insurance Co. bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth $847,665,000. Cassaday & Co Wealth Management LLC raised its position in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after acquiring an additional 3,170,728 shares in the last quarter. Cibc World Market Inc. raised its position in Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after acquiring an additional 1,694,144 shares in the last quarter. Keudell Morrison Wealth Management bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth $43,773,000. Finally, Evergreen Advisors LLC bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth $41,630,000.

Schwab US Dividend Equity ETF Trading Up 0.9%

NYSEARCA SCHD opened at $32.82 on Friday. The firm’s fifty day moving average price is $31.68 and its two-hundred day moving average price is $30.24. Schwab US Dividend Equity ETF has a 1 year low of $26.16 and a 1 year high of $32.92. The firm has a market capitalization of $93.17 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.