Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,884 shares of the company’s stock after selling 1,067 shares during the quarter. CapWealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,119,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHD. Sumitomo Life Insurance Co. raised its holdings in shares of Schwab US Dividend Equity ETF by 110.7% during the first quarter. Sumitomo Life Insurance Co. now owns 6,320,000 shares of the company’s stock valued at $471,352,000 after acquiring an additional 3,320,000 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $95,831,000. International Assets Investment Management LLC purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at $89,561,000. Diversified LLC boosted its stake in Schwab US Dividend Equity ETF by 493.3% during the 1st quarter. Diversified LLC now owns 1,128,581 shares of the company’s stock worth $90,997,000 after purchasing an additional 938,356 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Schwab US Dividend Equity ETF by 11.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,712,485 shares of the company’s stock worth $460,598,000 after purchasing an additional 604,844 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock traded up $0.02 during trading hours on Tuesday, reaching $77.11. The company had a trading volume of 2,956,767 shares, compared to its average volume of 3,301,969. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $80.82. The company has a market capitalization of $54.09 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The stock has a fifty day moving average of $78.07 and a 200-day moving average of $77.70.

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.