Integrated Advisors Network LLC Trims Stock Position in Schwab US Dividend Equity ETF $SCHD

Integrated Advisors Network LLC lowered its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 19.6% during the first quarter, Holdings Channel.com reports. The firm owned 644,310 shares of the company’s stock after selling 157,211 shares during the period. Schwab US Dividend Equity ETF makes up 1.0% of Integrated Advisors Network LLC’s holdings, making the stock its 14th biggest holding. Integrated Advisors Network LLC’s holdings in Schwab US Dividend Equity ETF were worth $19,767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mountain Hill Investment Partners Corp. increased its position in shares of Schwab US Dividend Equity ETF by 1,241.8% during the fourth 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 position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $25,000. Field & Main Bank acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $29,000. Dynamic Wealth Strategies LLC acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000. Finally, Triumph Capital Management acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $33,000.

Schwab US Dividend Equity ETF Stock Up 0.6%

NYSEARCA SCHD opened at $32.43 on Tuesday. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $32.92. The firm has a 50 day moving average of $32.08 and a two-hundred day moving average of $30.77. The stock has a market capitalization of $97.99 billion, a PE ratio of 14.57 and a beta of 0.68.

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.