CIBC Private Wealth Group LLC Sells 36,026 Shares of Schwab US Dividend Equity ETF $SCHD

CIBC Private Wealth Group LLC trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 233,675 shares of the company’s stock after selling 36,026 shares during the period. CIBC Private Wealth Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,379,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Schwab US Dividend Equity ETF by 404.6% during the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after acquiring an additional 84,262 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Schwab US Dividend Equity ETF by 206.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after acquiring an additional 51,696 shares during the last quarter. Bison Wealth LLC boosted its stake in Schwab US Dividend Equity ETF by 234.4% in the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after acquiring an additional 309,400 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Schwab US Dividend Equity ETF by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after acquiring an additional 155,769 shares in the last quarter. Finally, United Bank grew its holdings in Schwab US Dividend Equity ETF by 5.0% in the second quarter. United Bank now owns 195,713 shares of the company’s stock worth $5,186,000 after purchasing an additional 9,351 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.7%

Shares of SCHD stock opened at $30.39 on Friday. The business’s fifty day simple moving average is $30.57 and its 200-day simple moving average is $28.44. The company has a market cap of $79.93 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $31.95.

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.