Cypress Wealth Services LLC Sells 227 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cypress Wealth Services LLC lessened its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 35,654 shares of the company’s stock after selling 227 shares during the period. Cypress Wealth Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,875,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sumitomo Life Insurance Co. bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at $228,390,000. Focus Financial Network Inc. ADV acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $95,831,000. International Assets Investment Management LLC purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth about $89,561,000. DDD Partners LLC boosted its holdings in Schwab US Dividend Equity ETF by 12,161.9% during the fourth 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 during the last quarter. Finally, Burkett Financial Services LLC purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth about $36,856,000.

Schwab US Dividend Equity ETF Stock Up 0.8 %

Schwab US Dividend Equity ETF stock traded up $0.59 during midday trading on Friday, hitting $77.86. 2,101,706 shares of the stock were exchanged, compared to its average volume of 3,293,448. The stock has a market capitalization of $54.62 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $80.82. The business’s 50-day moving average price is $78.10 and its 200-day moving average price is $77.54.

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.