Cypress Capital LLC Lowers Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cypress Capital LLC lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 50.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,983 shares of the company’s stock after selling 25,166 shares during the period. Cypress Capital LLC’s holdings in Schwab US Dividend Equity ETF were worth $683,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. increased its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after acquiring an additional 17,880,000 shares during the last quarter. Orgel Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 159.8% in the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after acquiring an additional 6,804,908 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 210.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock valued at $157,252,000 after acquiring an additional 3,900,238 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Schwab US Dividend Equity ETF by 9,346.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock valued at $97,711,000 after acquiring an additional 3,538,664 shares during the last quarter. Finally, Keystone Financial Planning Inc. increased its stake in Schwab US Dividend Equity ETF by 188.6% in the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after acquiring an additional 3,506,729 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.4 %

SCHD opened at $28.21 on Friday. The stock has a market cap of $69.11 billion, a PE ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The business’s fifty day simple moving average is $27.69 and its 200 day simple moving average is $28.02.

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.