Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Sold by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC reduced its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,170 shares of the company’s stock after selling 884 shares during the period. Schwab US Dividend Equity ETF comprises approximately 1.0% of Evolution Wealth Advisors LLC’s holdings, making the stock its 26th largest holding. Evolution Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,733,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Moneta Group Investment Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 104,751.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock valued at $3,977,523,000 after acquiring an additional 52,604,309 shares in the last quarter. LPL Financial LLC grew its stake in Schwab US Dividend Equity ETF by 4.7% during the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after buying an additional 503,970 shares during the last quarter. Charles Schwab Investment Advisory Inc. grew its stake in Schwab US Dividend Equity ETF by 3.7% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 8,927,261 shares of the company’s stock worth $704,272,000 after buying an additional 319,294 shares during the last quarter. Morgan Stanley grew its stake in Schwab US Dividend Equity ETF by 13.3% during the 4th quarter. Morgan Stanley now owns 7,736,874 shares of the company’s stock worth $584,444,000 after buying an additional 911,053 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in Schwab US Dividend Equity ETF by 3.7% during the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock worth $527,798,000 after buying an additional 266,516 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.1 %

SCHD traded up $0.84 during trading on Friday, reaching $76.65. 3,401,817 shares of the company were exchanged, compared to its average volume of 3,671,898. The stock has a market cap of $53.71 billion, a P/E ratio of 15.00 and a beta of 0.79. The firm has a 50 day moving average of $78.22 and a 200 day moving average of $74.87. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82.

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.