Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stake Lowered by CAP Partners LLC

CAP Partners LLC cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 41,727 shares of the company’s stock after selling 2,547 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 3.0% of CAP Partners LLC’s portfolio, making the stock its 7th largest holding. CAP Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SCHD. Sumitomo Life Insurance Co. purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at $228,390,000. Focus Financial Network Inc. ADV bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $95,831,000. International Assets Investment Management LLC bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $89,561,000. DDD Partners LLC lifted its holdings in Schwab US Dividend Equity ETF by 12,161.9% in the fourth quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock valued at $37,163,000 after acquiring an additional 484,167 shares during the period. Finally, Burkett Financial Services LLC bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $36,856,000.

Schwab US Dividend Equity ETF Trading Up 0.1 %

SCHD stock traded up $0.04 during trading on Tuesday, reaching $77.45. The stock had a trading volume of 2,702,012 shares, compared to its average volume of 3,318,110. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82. The stock’s 50 day moving average is $78.12 and its two-hundred day moving average is $77.65. The firm has a market cap of $54.33 billion, a PE ratio of 15.04 and a beta of 0.74.

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.