Level Four Advisory Services LLC Trims Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Level Four Advisory Services LLC decreased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 386,146 shares of the company’s stock after selling 20,199 shares during the period. Level Four Advisory Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $10,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Legacy Investment Solutions LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $34,000. Anchor Investment Management LLC grew its stake in Schwab US Dividend Equity ETF by 1.1% in the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after purchasing an additional 428 shares during the last quarter. Bernardo Wealth Planning LLC lifted its position in shares of Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock valued at $366,000 after buying an additional 498 shares during the last quarter. CreativeOne Wealth LLC raised its stake in shares of Schwab US Dividend Equity ETF by 1.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 30,496 shares of the company’s stock worth $2,578,000 after acquiring an additional 529 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.2 %

Shares of SCHD opened at $27.75 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The stock has a fifty day moving average price of $27.97 and a 200-day moving average price of $28.13. The firm has a market cap of $69.93 billion, a PE ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be given a $0.2488 dividend. The ex-dividend date of this dividend is Wednesday, March 26th.

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.