SevenBridge Financial Group LLC Trims Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

SevenBridge Financial Group LLC lessened its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 430,634 shares of the company’s stock after selling 1,705 shares during the quarter. Schwab US Dividend Equity ETF comprises 2.3% of SevenBridge Financial Group LLC’s portfolio, making the stock its 7th biggest holding. SevenBridge Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $12,002,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division grew its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Schwab US Dividend Equity ETF by 294.3% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after buying an additional 777 shares during the period. PFG Private Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after buying an additional 686 shares during the period. Finally, IFS Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $27.87 on Wednesday. The stock has a market capitalization of $70.23 billion, a PE ratio of 17.12 and a beta of 0.86. The business’s 50 day simple moving average is $27.96 and its 200 day simple moving average is $28.14. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were paid a $0.2488 dividend. The ex-dividend date was 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.