Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,151,951 shares of the company’s stock after selling 270,856 shares during the period. Schwab US Dividend Equity ETF makes up about 0.6% of Commonwealth Equity Services LLC’s investment portfolio, making the stock its 21st biggest holding. Commonwealth Equity Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $316,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at about $228,390,000. International Assets Investment Management LLC purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at about $89,561,000. LPL Financial LLC boosted its position in Schwab US Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after buying an additional 503,970 shares during the last quarter. DDD Partners LLC boosted its position in Schwab US Dividend Equity ETF by 12,161.9% in the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock valued at $37,163,000 after buying an additional 484,167 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Schwab US Dividend Equity ETF by 34.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,874,088 shares of the company’s stock valued at $132,545,000 after buying an additional 476,951 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.2 %

NYSEARCA:SCHD traded up $0.17 on Thursday, reaching $77.06. The stock had a trading volume of 1,576,358 shares, compared to its average volume of 3,568,668. The company has a 50-day moving average of $78.32 and a 200 day moving average of $75.37. The stock has a market cap of $53.91 billion, a P/E ratio of 14.82 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $80.82.

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.