Wealthspire Advisors LLC Sells 14,745,621 Shares of Schwab US Dividend Equity ETF $SCHD

Wealthspire Advisors LLC reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 52.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,535,721 shares of the company’s stock after selling 14,745,621 shares during the period. Schwab US Dividend Equity ETF makes up about 3.0% of Wealthspire Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Wealthspire Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $371,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Summit Financial LLC boosted its position in shares of Schwab US Dividend Equity ETF by 3.7% in the fourth quarter. Summit Financial LLC now owns 499,464 shares of the company’s stock worth $13,700,000 after buying an additional 17,763 shares during the period. Investment Counsel Co. of Nevada purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $38,000. Livet Wealth LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $8,076,000. Laurel Oak Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $812,000. Finally, Fiduciary Group LLC acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $267,000.

Schwab US Dividend Equity ETF Stock Up 0.9%

NYSEARCA SCHD opened at $32.82 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.16 and a fifty-two week high of $32.92. The business has a 50 day moving average price of $31.68 and a two-hundred day moving average price of $30.24. The stock has a market cap of $93.17 billion, a PE ratio of 14.57 and a beta of 0.67.

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.