Assetmark Inc. reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,920 shares of the company’s stock after selling 51,624 shares during the quarter. Assetmark Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,429,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. raised its stake in Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after buying an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth $25,000. Field & Main Bank bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000. Dynamic Wealth Strategies LLC bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000. Finally, Triumph Capital Management purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $33,000.
Schwab US Dividend Equity ETF Trading Down 0.5%
NYSEARCA SCHD opened at $32.75 on Tuesday. The firm’s fifty day simple moving average is $32.28 and its two-hundred day simple moving average is $31.12. The firm has a market capitalization of $100.06 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12-month low of $26.21 and a 12-month high of $33.50.
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.
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