Cambridge Investment Research Advisors Inc. Sells 521,362 Shares of Schwab US Dividend Equity ETF $SCHD

Cambridge Investment Research Advisors Inc. trimmed its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,369,444 shares of the company’s stock after selling 521,362 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.24% of Schwab US Dividend Equity ETF worth $174,714,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SCHD. Brighton Jones LLC raised its position in shares of Schwab US Dividend Equity ETF by 404.6% in 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 raised its position in shares of Schwab US Dividend Equity ETF by 206.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after acquiring an additional 51,696 shares in the last quarter. Bison Wealth LLC raised its position in shares of Schwab US Dividend Equity ETF by 234.4% in the 4th quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after acquiring an additional 309,400 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Schwab US Dividend Equity ETF by 35.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock worth $16,579,000 after buying an additional 155,769 shares during the last quarter. Finally, United Bank grew its stake in Schwab US Dividend Equity ETF by 5.0% during the 2nd quarter. United Bank now owns 195,713 shares of the company’s stock worth $5,186,000 after buying an additional 9,351 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $31.72 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $25.69 and a 1-year high of $32.13. The stock’s fifty day moving average price is $31.01 and its 200 day moving average price is $29.46. The company has a market cap of $90.04 billion, a price-to-earnings 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.