Schwab US Dividend Equity ETF $SCHD is Sims Investment Management LLC’s 4th Largest Position

Sims Investment Management LLC cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 557,808 shares of the company’s stock after selling 61,850 shares during the period. Schwab US Dividend Equity ETF accounts for 6.3% of Sims Investment Management LLC’s holdings, making the stock its 4th biggest position. Sims Investment Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $17,114,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Sumitomo Life Insurance Co. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $847,665,000. Cassaday & Co Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF by 52.2% in the fourth 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 last quarter. Cibc World Market Inc. grew its position in shares of Schwab US Dividend Equity ETF by 31.8% in the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $43,773,000. Finally, Evergreen Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $41,630,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $31.96 on Friday. The stock’s 50 day moving average price is $31.93 and its 200 day moving average price is $30.55. The firm has a market cap of $90.72 billion, a P/E ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $32.92.

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.