Mengis Capital Management Inc. Cuts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Mengis Capital Management Inc. trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,408 shares of the company’s stock after selling 256 shares during the period. Mengis Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Appleton Partners Inc. MA grew its holdings in shares of Schwab US Dividend Equity ETF by 4.6% in the 4th quarter. Appleton Partners Inc. MA now owns 4,076 shares of the company’s stock worth $236,000 after acquiring an additional 180 shares during the period. SignalPoint Asset Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 3.2% in the 4th quarter. SignalPoint Asset Management LLC now owns 6,226 shares of the company’s stock worth $361,000 after acquiring an additional 194 shares during the period. Good Life Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 2.5% in the 4th quarter. Good Life Advisors LLC now owns 8,171 shares of the company’s stock worth $475,000 after acquiring an additional 199 shares during the period. Raub Brock Capital Management LP grew its holdings in shares of Schwab US Dividend Equity ETF by 1.9% in the 4th quarter. Raub Brock Capital Management LP now owns 10,794 shares of the company’s stock worth $625,000 after acquiring an additional 206 shares during the period. Finally, Concorde Asset Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 1.7% in the 4th quarter. Concorde Asset Management LLC now owns 13,295 shares of the company’s stock worth $770,000 after acquiring an additional 216 shares during the period.

SCHD opened at $58.93 on Friday. The stock’s 50 day simple moving average is $58.28 and its 200 day simple moving average is $55.86. Schwab US Dividend Equity ETF has a 1-year low of $49.82 and a 1-year high of $59.56.

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Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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