IMA Advisory Services Inc. Trims Stock Holdings in Schwab US Dividend Equity ETF $SCHD

IMA Advisory Services Inc. lowered its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 59.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,392 shares of the company’s stock after selling 373,999 shares during the quarter. IMA Advisory Services Inc.’s holdings in Schwab US Dividend Equity ETF were worth $6,868,000 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 SCHD. Mountain Hill Investment Partners Corp. raised its stake 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 valued at $25,000 after acquiring an additional 832 shares during the last quarter. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $25,000. Field & Main Bank purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $29,000. Dynamic Wealth Strategies LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $29,000. Finally, Triumph Capital Management purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $33,000.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $32.30 on Monday. The business has a 50 day moving average price of $31.49 and a two-hundred day moving average price of $30.07. The company has a market cap of $91.69 billion, a PE ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 52 week low of $26.16 and a 52 week high of $32.91.

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.