ESL Trust Services LLC Sells 1,584,468 Shares of Schwab US Dividend Equity ETF $SCHD

ESL Trust Services LLC lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 96.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,113 shares of the company’s stock after selling 1,584,468 shares during the quarter. Schwab US Dividend Equity ETF comprises 0.3% of ESL Trust Services LLC’s investment portfolio, making the stock its 14th largest position. ESL Trust Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,759,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SCHD. Mountain Hill Investment Partners Corp. raised its holdings in shares of 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 buying an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $25,000. Field & Main Bank purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $29,000. Dynamic Wealth Strategies LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $29,000. Finally, Triumph Capital Management purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at about $33,000.

Schwab US Dividend Equity ETF Trading Down 1.0%

Shares of NYSEARCA SCHD opened at $32.18 on Tuesday. The stock has a market cap of $91.35 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1-year low of $25.93 and a 1-year high of $32.91. The stock’s 50-day moving average is $31.34 and its 200 day moving average is $29.92.

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.