Allworth Financial LP Reduces Position in Schwab US Dividend Equity ETF $SCHD

Allworth Financial LP decreased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 34.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 985,149 shares of the company’s stock after selling 510,148 shares during the period. Allworth Financial LP’s holdings in Schwab US Dividend Equity ETF were worth $31,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SCHD. Wells Fargo & Company MN increased its position in Schwab US Dividend Equity ETF by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after buying an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. increased its holdings in Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after acquiring an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its stake in Schwab US Dividend Equity ETF by 3.5% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after acquiring an additional 324,778 shares during the period. Royal Bank of Canada boosted its position in shares of Schwab US Dividend Equity ETF by 8.3% in the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after purchasing an additional 660,876 shares during the period. Finally, Cibc World Market Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after purchasing an additional 1,694,144 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock traded down $0.39 on Tuesday, hitting $34.41. 31,805,522 shares of the stock traded hands, compared to its average volume of 22,420,320. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31. The firm has a 50 day simple moving average of $33.69 and a two-hundred day simple moving average of $32.28. The firm has a market cap of $106.91 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

Schwab US Dividend Equity ETF 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.