Tranquility Partners LLC Sells 1,618 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Tranquility Partners LLC cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 19.9% in the fourth quarter, Holdings Channel reports. The fund owned 6,507 shares of the company’s stock after selling 1,618 shares during the period. Tranquility Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 115.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 353 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares during the period. Raleigh Capital Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at $28,000. Bear Mountain Capital Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $34,000. Howe & Rusling Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 209.8% in the third quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock valued at $36,000 after buying an additional 344 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 464.5% in the second quarter. BlackRock Inc. now owns 525 shares of the company’s stock valued at $38,000 after buying an additional 432 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD traded up $0.08 during midday trading on Thursday, reaching $75.89. The company’s stock had a trading volume of 462,737 shares, compared to its average volume of 3,643,686. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The company has a market capitalization of $53.18 billion, a P/E ratio of 15.00 and a beta of 0.79. The business’s fifty day simple moving average is $78.25 and its 200-day simple moving average is $74.86.

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.