Canal Capital Management LLC Reduces Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Canal Capital Management LLC lessened its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 81.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,446 shares of the company’s stock after selling 195,678 shares during the quarter. Canal Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SCHD. Mountain Hill Investment Partners Corp. boosted its position in shares of Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after buying an additional 832 shares during the period. Merrithew & Thorsten Inc purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $25,000. Field & Main Bank acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Dynamic Wealth Strategies LLC acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Finally, Triumph Capital Management purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $33,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $32.39 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $32.92. The business has a 50 day moving average price of $32.06 and a two-hundred day moving average price of $30.72. The stock has a market cap of $97.46 billion, a PE 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.