Wilbanks Smith & Thomas Asset Management LLC Decreases Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Wilbanks Smith & Thomas Asset Management LLC decreased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,405 shares of the company’s stock after selling 164 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $640,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Raleigh Capital Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at $28,000. Bear Mountain Capital Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $34,000. Howe & Rusling Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 209.8% in the third quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock valued at $36,000 after acquiring an additional 344 shares during the period. Carmel Capital Partners LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at $39,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $44,000.

Schwab US Dividend Equity ETF Trading Up 0.7 %

Shares of NYSEARCA SCHD traded up $0.51 during mid-day trading on Friday, reaching $77.78. The company had a trading volume of 1,213,295 shares, compared to its average volume of 3,552,885. The business’s 50-day moving average is $78.30 and its 200-day moving average is $75.38. The stock has a market cap of $54.41 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82.

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.