Flputnam Investment Management Co. Sells 182,997 Shares of Schwab US Dividend Equity ETF $SCHD

Flputnam Investment Management Co. reduced its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 72.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 70,445 shares of the company’s stock after selling 182,997 shares during the quarter. Flputnam Investment Management Co.’s holdings in Schwab US Dividend Equity ETF were worth $1,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHD. M3 Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $521,000. Studio Investment Management LLC raised its holdings in Schwab US Dividend Equity ETF by 4.8% during the 4th quarter. Studio Investment Management LLC now owns 13,630 shares of the company’s stock valued at $374,000 after buying an additional 630 shares during the period. Integrity Alliance LLC. raised its holdings in Schwab US Dividend Equity ETF by 755.6% during the 4th quarter. Integrity Alliance LLC. now owns 445,522 shares of the company’s stock valued at $12,221,000 after buying an additional 393,450 shares during the period. Regimen Wealth LLC raised its holdings in Schwab US Dividend Equity ETF by 0.4% during the 4th quarter. Regimen Wealth LLC now owns 726,612 shares of the company’s stock valued at $19,931,000 after buying an additional 2,563 shares during the period. Finally, Integrity Advisory Solutions LLC raised its holdings in Schwab US Dividend Equity ETF by 9.1% during the 4th quarter. Integrity Advisory Solutions LLC now owns 17,390 shares of the company’s stock valued at $477,000 after buying an additional 1,450 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $32.63 on Friday. The stock’s fifty day moving average is $31.27 and its 200 day moving average is $29.85. Schwab US Dividend Equity ETF has a fifty-two week low of $25.89 and a fifty-two week high of $32.91. The firm has a market capitalization of $92.63 billion, a PE ratio of 14.57 and a beta of 0.68.

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.