Schwab US Dividend Equity ETF $SCHD Shares Sold by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC decreased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 389,013 shares of the company’s stock after selling 16,320 shares during the quarter. Schwab US Dividend Equity ETF comprises 2.0% of Canvas Wealth Advisors LLC’s holdings, making the stock its 14th biggest position. Canvas Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,935,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in Schwab US Dividend Equity ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after acquiring an additional 552,907 shares during the last quarter. Avantax Planning Partners Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock worth $277,214,000 after purchasing an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Schwab US Dividend Equity ETF by 4.0% during the fourth quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock worth $219,304,000 after purchasing an additional 304,047 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in shares of Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.5%

Schwab US Dividend Equity ETF stock opened at $32.24 on Tuesday. The firm has a market capitalization of $97.41 billion, a P/E ratio of 14.57 and a beta of 0.68. The stock has a fifty day moving average price of $32.08 and a 200 day moving average price of $30.77. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $32.92.

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.