Ridgewood Investments LLC Lowers Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Ridgewood Investments LLC lowered its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 41.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,540 shares of the company’s stock after selling 2,550 shares during the period. Ridgewood Investments LLC’s holdings in Schwab US Dividend Equity ETF were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after purchasing an additional 42,218,696 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 6.8% in the first quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after purchasing an additional 2,470,706 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 6.3% in the first quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock valued at $772,840,000 after purchasing an additional 1,637,300 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 208.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after purchasing an additional 13,264,762 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 202.3% in the fourth quarter. Ameriprise Financial Inc. now owns 17,426,545 shares of the company’s stock valued at $475,816,000 after purchasing an additional 11,661,011 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $27.32 on Monday. The firm has a market cap of $71.34 billion, a P/E ratio of 14.57 and a beta of 0.88. The firm has a 50-day moving average of $26.74 and a 200 day moving average of $26.97. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72.

Schwab US Dividend Equity ETF Company 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.