Gerber Kawasaki Wealth & Investment Management Reduces Stake in Schwab US Dividend Equity ETF $SCHD

Gerber Kawasaki Wealth & Investment Management lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 1,888,374 shares of the company’s stock after selling 15,304 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 1.8% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its 15th largest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in Schwab US Dividend Equity ETF were worth $51,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Schwab US Dividend Equity ETF by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 4,616,851 shares of the company’s stock worth $126,040,000 after acquiring an additional 95,857 shares in the last quarter. Elmwood Wealth Management Inc. purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth about $1,003,000. Bell Bank grew its position in Schwab US Dividend Equity ETF by 53.3% in the fourth quarter. Bell Bank now owns 104,155 shares of the company’s stock worth $2,857,000 after acquiring an additional 36,212 shares in the last quarter. Aspire Capital Advisors LLC grew its position in Schwab US Dividend Equity ETF by 2.9% in the fourth quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock worth $29,184,000 after acquiring an additional 30,146 shares in the last quarter. Finally, BIP Wealth LLC purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth about $1,589,000.

Schwab US Dividend Equity ETF Trading Up 0.9%

SCHD opened at $32.82 on Friday. The firm has a market cap of $93.17 billion, a P/E ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 12 month low of $26.16 and a 12 month high of $32.92. The stock has a 50-day moving average of $31.68 and a 200 day moving average of $30.24.

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.