LPL Financial LLC Has $881.97 Million Stock Holdings in Schwab US Dividend Equity ETF $SCHD

LPL Financial LLC cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,153,434 shares of the company’s stock after selling 4,139,914 shares during the quarter. LPL Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $881,969,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. boosted its position in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after buying an additional 832 shares during the period. Merrithew & Thorsten Inc acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $25,000. Field & Main Bank acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Dynamic Wealth Strategies LLC acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Finally, Triumph Capital Management acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $33,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $32.30 on Monday. The firm’s 50 day simple moving average is $31.49 and its 200 day simple moving average is $30.07. Schwab US Dividend Equity ETF has a one year low of $26.16 and a one year high of $32.91. The company has a market cap of $91.69 billion, a PE ratio of 14.57 and a beta of 0.67.

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.