PFG Investments LLC Reduces Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

PFG Investments LLC lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,196 shares of the company’s stock after selling 712 shares during the period. PFG Investments LLC’s holdings in Schwab US Dividend Equity ETF were worth $624,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 104,751.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock worth $3,977,523,000 after buying an additional 52,604,309 shares in the last quarter. Cowa LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 6,644.7% during the 1st quarter. Cowa LLC now owns 6,270,318 shares of the company’s stock worth $6,059,000 after purchasing an additional 6,177,351 shares during the period. Royal Bank of Canada boosted its holdings in shares of Schwab US Dividend Equity ETF by 102.3% during the second quarter. Royal Bank of Canada now owns 3,829,139 shares of the company’s stock worth $278,073,000 after purchasing an additional 1,935,958 shares during the last quarter. CI Private Wealth LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $135,502,000. Finally, Dechtman Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF in the second quarter valued at $79,133,000.

Schwab US Dividend Equity ETF Trading Up 1.7 %

Shares of NYSEARCA:SCHD opened at $80.23 on Thursday. The firm has a market cap of $52.81 billion, a price-to-earnings ratio of 14.38 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $80.23. The stock’s 50-day moving average price is $77.72 and its two-hundred day moving average price is $74.22.

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.