Institute for Wealth Management LLC. Sells 561 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Institute for Wealth Management LLC. reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,987 shares of the company’s stock after selling 561 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Schwab US Dividend Equity ETF were worth $1,445,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Whitaker Myers Wealth Managers LTD. raised its holdings in Schwab US Dividend Equity ETF by 12.3% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 203,264 shares of the company’s stock valued at $15,475,000 after acquiring an additional 22,221 shares during the period. FMR LLC raised its holdings in Schwab US Dividend Equity ETF by 22.7% during the third quarter. FMR LLC now owns 64,312 shares of the company’s stock valued at $4,551,000 after acquiring an additional 11,906 shares during the period. M. Kulyk & Associates LLC bought a new stake in Schwab US Dividend Equity ETF during the third quarter valued at about $514,000. Procyon Advisors LLC raised its holdings in Schwab US Dividend Equity ETF by 9.9% during the fourth quarter. Procyon Advisors LLC now owns 4,440 shares of the company’s stock valued at $338,000 after acquiring an additional 401 shares during the period. Finally, Graypoint LLC raised its holdings in Schwab US Dividend Equity ETF by 5.4% during the fourth quarter. Graypoint LLC now owns 4,969 shares of the company’s stock valued at $378,000 after acquiring an additional 255 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.0 %

NYSEARCA:SCHD traded up $0.73 on Friday, reaching $76.54. 3,065,903 shares of the company’s stock traded hands, compared to its average volume of 3,664,758. The stock has a 50-day simple moving average of $78.22 and a 200-day simple moving average of $74.87. The firm has a market cap of $53.64 billion, a PE ratio of 15.00 and a beta of 0.79. 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.