Schwab US Dividend Equity ETF $SCHD Shares Sold by Wealth Management Resources Inc.

Wealth Management Resources Inc. reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 872,914 shares of the company’s stock after selling 78,280 shares during the period. Schwab US Dividend Equity ETF makes up approximately 8.4% of Wealth Management Resources Inc.’s investment portfolio, making the stock its 5th biggest position. Wealth Management Resources Inc.’s holdings in Schwab US Dividend Equity ETF were worth $23,944,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SCHD. Rakuten Investment Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $847,665,000. Cibc World Market Inc. grew its holdings in Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after acquiring an additional 3,777,339 shares during the last quarter. Lido Advisors LLC acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $32,308,000. Finally, Argent Capital Management LLC acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $29,815,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $31.34 on Wednesday. The firm has a market cap of $88.71 billion, a PE ratio of 14.57 and a beta of 0.70. The firm’s fifty day moving average is $30.98 and its 200-day moving average is $29.11. Schwab US Dividend Equity ETF has a 52 week low of $25.41 and a 52 week high of $31.95.

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.