EP Wealth Advisors LLC Lowers Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

EP Wealth Advisors LLC cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 75.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 54,387 shares of the company’s stock after selling 164,300 shares during the quarter. EP Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division purchased a new stake in Schwab US Dividend Equity ETF in the first quarter valued at approximately $25,000. CarsonAllaria Wealth Management Ltd. acquired a new position in Schwab US Dividend Equity ETF during the first quarter valued at approximately $26,000. Voisard Asset Management Group Inc. acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Signature Resources Capital Management LLC acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $32,000. Finally, Westside Investment Management Inc. acquired a new position in Schwab US Dividend Equity ETF during the first quarter valued at approximately $32,000.

Schwab US Dividend Equity ETF Price Performance

SCHD stock traded up $1.29 during midday trading on Friday, reaching $82.47. 2,486,566 shares of the company’s stock traded hands, compared to its average volume of 3,275,519. The company has a market capitalization of $57.85 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $82.94. The business has a 50-day moving average price of $78.49 and a two-hundred day moving average price of $78.04.

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.