Schwab US Dividend Equity ETF $SCHD Position Reduced by SouthState Bank Corp

SouthState Bank Corp reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 77.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,555 shares of the company’s stock after selling 36,107 shares during the period. SouthState Bank Corp’s holdings in Schwab US Dividend Equity ETF were worth $324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after purchasing an additional 552,907 shares in the last quarter. Avantax Planning Partners Inc. grew its stake in Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after purchasing an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Royal Bank of Canada increased its holdings in Schwab US Dividend Equity ETF by 4.0% in the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock valued at $219,304,000 after buying an additional 304,047 shares during the last quarter. Finally, Cibc World Market Inc. increased its holdings in Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.4%

Shares of SCHD opened at $32.34 on Thursday. The firm has a market cap of $98.42 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The stock has a 50 day moving average of $32.20 and a 200-day moving average of $31.01. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $32.92.

About Schwab US Dividend Equity ETF

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.