Cetera Investment Advisers Sells 10,421,505 Shares of Schwab US Dividend Equity ETF $SCHD

Cetera Investment Advisers lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 30.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 24,184,523 shares of the company’s stock after selling 10,421,505 shares during the quarter. Schwab US Dividend Equity ETF comprises about 0.8% of Cetera Investment Advisers’ portfolio, making the stock its 16th largest holding. Cetera Investment Advisers owned approximately 0.85% of Schwab US Dividend Equity ETF worth $741,981,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after acquiring an additional 3,170,728 shares during the last quarter. Paradiem LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the first quarter valued at approximately $56,258,000. Cibc World Market Inc. grew its position in shares of Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares during the last quarter. Keudell Morrison Wealth Management bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $43,773,000. Finally, Baer Investment Advisory LLC bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter worth approximately $46,847,000.

Schwab US Dividend Equity ETF Trading Up 0.2%

NYSEARCA:SCHD opened at $32.90 on Thursday. The stock has a 50 day simple moving average of $32.32 and a 200 day simple moving average of $31.19. The stock has a market cap of $100.52 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $33.50.

Schwab US Dividend Equity ETF Company 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.