PDS Planning Inc Reduces Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

PDS Planning Inc trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,071 shares of the company’s stock after selling 697 shares during the period. PDS Planning Inc’s holdings in Schwab US Dividend Equity ETF were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHD. Sumitomo Life Insurance Co. purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $228,390,000. International Assets Investment Management LLC acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at $89,561,000. LPL Financial LLC raised its stake in shares of 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 in the last quarter. DDD Partners LLC raised its stake in shares of 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 in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of 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 worth $132,545,000 after purchasing an additional 476,951 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD traded up $0.53 during trading hours on Tuesday, hitting $77.77. The stock had a trading volume of 1,067,973 shares, compared to its average volume of 3,630,056. The company’s fifty day moving average is $78.22 and its two-hundred day moving average is $75.05. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82. The stock has a market capitalization of $54.50 billion, a price-to-earnings ratio of 15.00 and a beta of 0.79.

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.