KCM Investment Advisors LLC Sells 17,327 Shares of Schwab US Dividend Equity ETF $SCHD

KCM Investment Advisors LLC reduced its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 169,879 shares of the company’s stock after selling 17,327 shares during the quarter. KCM Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. bought a new stake in Schwab US Dividend Equity ETF during the third quarter worth $847,665,000. Wells Fargo & Company MN raised its position in shares of Schwab US Dividend Equity ETF by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after purchasing an additional 552,907 shares during the period. Avantax Planning Partners Inc. raised its position in shares of Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after purchasing an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after purchasing an additional 3,170,728 shares during the period. Finally, Cibc World Market Inc. raised 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 period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $32.82 on Friday. The firm has a market capitalization of $93.17 billion, a PE ratio of 14.57 and a beta of 0.67. The company’s 50-day moving average is $31.68 and its 200-day moving average is $30.24. Schwab US Dividend Equity ETF has a fifty-two week low of $26.16 and a fifty-two week high of $32.92.

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.