Trinity Financial Advisors LLC Lowers Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Trinity Financial Advisors LLC reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 41.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 111,012 shares of the company’s stock after selling 78,660 shares during the quarter. Schwab US Dividend Equity ETF comprises 4.1% of Trinity Financial Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Trinity Financial Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,451,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SCHD. Sumitomo Life Insurance Co. bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $228,390,000. International Assets Investment Management LLC acquired a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $89,561,000. LPL Financial LLC boosted its stake in Schwab US Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after purchasing an additional 503,970 shares in the last quarter. DDD Partners LLC boosted its stake in Schwab US Dividend Equity ETF by 12,161.9% in the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock worth $37,163,000 after purchasing an additional 484,167 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 34.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,874,088 shares of the company’s stock worth $132,545,000 after purchasing an additional 476,951 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock traded up $0.55 during trading on Wednesday, reaching $77.54. The company had a trading volume of 3,046,988 shares, compared to its average volume of 3,585,418. The firm has a 50-day simple moving average of $78.32 and a 200-day simple moving average of $75.35. The company has a market cap of $54.24 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82.

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.