Islay Capital Management LLC Decreases Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Islay Capital Management LLC cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 387,107 shares of the company’s stock after selling 17,053 shares during the period. Schwab US Dividend Equity ETF accounts for 6.2% of Islay Capital Management LLC’s portfolio, making the stock its largest holding. Islay Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $10,618,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Life Insurance Co. bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $847,665,000. Wells Fargo & Company MN raised its position in shares of Schwab US Dividend Equity ETF by 5.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,203,553 shares of the company’s stock valued at $279,883,000 after purchasing an additional 552,907 shares during the period. Avantax Planning Partners Inc. raised its position 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 valued at $277,214,000 after purchasing an additional 366,548 shares during the period. Cassaday & Co Wealth Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 52.2% during 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. Finally, Cibc World Market Inc. grew its stake 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 acquiring an additional 1,694,144 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.6%

Shares of SCHD stock opened at $32.63 on Tuesday. The company’s fifty day simple moving average is $31.72 and its two-hundred day simple moving average is $30.30. Schwab US Dividend Equity ETF has a 52 week low of $26.16 and a 52 week high of $32.92. The stock has a market cap of $92.63 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.