Harbour Investments Inc. Reduces Stock Position in Schwab US Dividend Equity ETF $SCHD

Harbour Investments Inc. lessened its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 15.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,613,032 shares of the company’s stock after selling 303,894 shares during the quarter. Schwab US Dividend Equity ETF comprises 0.9% of Harbour Investments Inc.’s portfolio, making the stock its 16th largest holding. Harbour Investments Inc.’s holdings in Schwab US Dividend Equity ETF were worth $44,245,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $847,665,000. Cibc World Market Inc. grew its stake in Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after purchasing an additional 3,777,339 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 52.2% during the 4th 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 last quarter. Keudell Morrison Wealth Management purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at about $43,773,000. Finally, Evergreen Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at about $41,630,000.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $32.83 on Tuesday. The business’s 50-day simple moving average is $31.17 and its two-hundred day simple moving average is $29.72. The company has a market cap of $93.19 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a fifty-two week low of $25.69 and a fifty-two week high of $32.88.

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.