Gerber Kawasaki Wealth & Investment Management Sells 15,304 Shares of Schwab US Dividend Equity ETF $SCHD

Gerber Kawasaki Wealth & Investment Management reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,888,374 shares of the company’s stock after selling 15,304 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.8% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 15th biggest position. Gerber Kawasaki Wealth & Investment Management owned approximately 0.07% of Schwab US Dividend Equity ETF worth $51,798,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Elmwood Wealth Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $1,003,000. Bell Bank grew its position in shares of Schwab US Dividend Equity ETF by 53.3% during the fourth quarter. Bell Bank now owns 104,155 shares of the company’s stock valued at $2,857,000 after purchasing an additional 36,212 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Schwab US Dividend Equity ETF by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 4,616,851 shares of the company’s stock valued at $126,040,000 after purchasing an additional 95,857 shares in the last quarter. Aspire Capital Advisors LLC grew its position in shares of Schwab US Dividend Equity ETF by 2.9% during the fourth quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock valued at $29,184,000 after purchasing an additional 30,146 shares in the last quarter. Finally, BIP Wealth LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $1,589,000.

Schwab US Dividend Equity ETF Stock Up 0.9%

Shares of Schwab US Dividend Equity ETF stock opened at $32.82 on Friday. The firm has a market cap of $93.17 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. The business has a 50-day moving average price of $31.68 and a 200-day moving average price of $30.24. Schwab US Dividend Equity ETF has a twelve month low of $26.16 and a twelve month high of $32.92.

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.