Beacon Capital Management LLC Lowers Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Beacon Capital Management LLC lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,557 shares of the company’s stock after selling 1,964 shares during the quarter. Beacon Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $743,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SCHD. Bank of America Corp DE lifted its holdings in Schwab US Dividend Equity ETF by 569.6% during the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after purchasing an additional 42,218,696 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 214.9% in the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after buying an additional 24,783,386 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $592,939,000. Avantax Advisory Services Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 208.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after buying an additional 13,264,762 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $26.72 on Wednesday. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The company’s fifty day moving average price is $26.02 and its 200-day moving average price is $27.14. The company has a market capitalization of $69.47 billion, a PE ratio of 15.93 and a beta of 0.82.

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.