Schwab US Dividend Equity ETF $SCHD Shares Sold by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 35.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,534 shares of the company’s stock after selling 36,390 shares during the period. Princeton Global Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Schwab US Dividend Equity ETF by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock worth $279,883,000 after purchasing an additional 552,907 shares during the period. Avantax Planning Partners Inc. boosted its position in 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 buying an additional 366,548 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after buying an additional 3,170,728 shares during the period. Royal Bank of Canada increased its holdings in Schwab US Dividend Equity ETF by 4.0% in the 4th quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after buying an additional 304,047 shares during the period. Finally, Cibc World Market Inc. raised its position in Schwab US Dividend Equity ETF by 31.8% during the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after buying an additional 1,694,144 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $32.09 on Monday. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $32.92. The company has a 50 day simple moving average of $31.96 and a two-hundred day simple moving average of $30.58. The stock has a market cap of $91.09 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67.

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.