Parallel Advisors LLC Sells 37,988 Shares of Schwab US Dividend Equity ETF $SCHD

Parallel Advisors LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 401,970 shares of the company’s stock after selling 37,988 shares during the period. Parallel Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Schwab US Dividend Equity ETF by 5.7% in the fourth 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 in the last quarter. Avantax Planning Partners Inc. boosted 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 worth $277,214,000 after purchasing an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted 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 worth $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Schwab US Dividend Equity ETF by 4.0% in the 4th quarter. Royal Bank of Canada now owns 7,995,065 shares of the company’s stock valued at $219,304,000 after buying an additional 304,047 shares during the period. Finally, Cibc World Market Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 31.8% in the 4th 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 Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $32.91 on Monday. Schwab US Dividend Equity ETF has a one year low of $26.21 and a one year high of $33.50. The firm has a market capitalization of $100.39 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The business has a 50-day simple moving average of $32.26 and a 200 day simple moving average of $31.08.

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.