Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stock Position Lessened by American Trust

American Trust lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 51.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,348 shares of the company’s stock after selling 253,973 shares during the quarter. Schwab US Dividend Equity ETF comprises about 1.8% of American Trust’s investment portfolio, making the stock its 10th biggest holding. American Trust’s holdings in Schwab US Dividend Equity ETF were worth $19,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Central Pacific Bank Trust Division bought a new stake in Schwab US Dividend Equity ETF during the first quarter valued at approximately $25,000. CarsonAllaria Wealth Management Ltd. bought a new stake in Schwab US Dividend Equity ETF during the first quarter valued at approximately $26,000. Voisard Asset Management Group Inc. bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Signature Resources Capital Management LLC bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $32,000. Finally, Westside Investment Management Inc. bought a new stake in Schwab US Dividend Equity ETF during the first quarter valued at approximately $32,000.

Schwab US Dividend Equity ETF Stock Down 1.2 %

NYSEARCA:SCHD traded down $0.96 during trading hours on Friday, hitting $80.80. 3,486,897 shares of the stock traded hands, compared to its average volume of 3,273,164. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $83.19. The company has a market cap of $56.68 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The stock has a 50 day moving average price of $78.85 and a 200 day moving average price of $78.28.

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.