Assetmark Inc. Lowers Holdings in Schwab US Dividend Equity ETF $SCHD

Assetmark Inc. trimmed its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.2% during the 1st quarter, Holdings Channel reports. The fund owned 339,920 shares of the company’s stock after selling 51,624 shares during the quarter. Assetmark Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,429,000 as of its most recent filing with the Securities & Exchange Commission.

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

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $32.75 on Tuesday. The firm has a 50-day simple moving average of $32.28 and a two-hundred day simple moving average of $31.12. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $33.50. The company has a market cap of $100.06 billion, a P/E 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.