CIBC Private Wealth Group LLC Cuts Stake in Schwab US Dividend Equity ETF $SCHD

CIBC Private Wealth Group LLC cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,675 shares of the company’s stock after selling 36,026 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Burkett Financial Services LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 1.8% during the third quarter. Burkett Financial Services LLC now owns 1,668,685 shares of the company’s stock valued at $45,555,000 after purchasing an additional 29,315 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $6,819,000. Portus Wealth Advisors LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $3,352,000. Centaurus Financial Inc. raised its stake in Schwab US Dividend Equity ETF by 9.2% in the third quarter. Centaurus Financial Inc. now owns 149,211 shares of the company’s stock worth $4,073,000 after buying an additional 12,620 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Schwab US Dividend Equity ETF by 14.3% during the third quarter. Sunbelt Securities Inc. now owns 489,396 shares of the company’s stock worth $13,361,000 after buying an additional 61,053 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.7%

Shares of NYSEARCA SCHD opened at $30.39 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $31.95. The stock’s fifty day simple moving average is $30.57 and its two-hundred day simple moving average is $28.44. The stock has a market capitalization of $79.93 billion, a PE ratio of 14.57 and a beta of 0.77.

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.