Schwab US Dividend Equity ETF $SCHD Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 921,498 shares of the company’s stock after selling 131,109 shares during the period. NewEdge Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $28,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. raised its stake in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after acquiring an additional 832 shares in the last quarter. Merrithew & Thorsten Inc acquired a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at $25,000. Field & Main Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the first quarter worth about $32,000.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $33.90 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.32 and a fifty-two week high of $34.24. The company has a market capitalization of $105.32 billion, a P/E ratio of 14.57 and a beta of 0.67. The stock has a 50-day simple moving average of $32.62 and a 200-day simple moving average of $31.61.

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.