Northwestern Mutual Wealth Management Co. Sells 1,501,774 Shares of Schwab US Dividend Equity ETF $SCHD

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,050,361 shares of the company’s stock after selling 1,501,774 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.53% of Schwab US Dividend Equity ETF worth $385,401,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SCHD. Mountain Hill Investment Partners Corp. boosted its position in Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $25,000. Field & Main Bank acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Dynamic Wealth Strategies LLC acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Finally, Triumph Capital Management acquired a new stake in Schwab US Dividend Equity ETF in the third quarter valued at $33,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $32.63 on Friday. The stock has a market cap of $92.63 billion, a P/E ratio of 14.57 and a beta of 0.68. The company has a fifty day moving average price of $31.27 and a two-hundred day moving average price of $29.85. Schwab US Dividend Equity ETF has a one year low of $25.89 and a one year high of $32.91.

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.