Abbrea Capital LLC Sells 4,519 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Abbrea Capital LLC decreased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,435 shares of the company’s stock after selling 4,519 shares during the quarter. Abbrea Capital LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,469,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of New Hampshire raised its position in Schwab US Dividend Equity ETF by 18.5% during the 4th quarter. Bank of New Hampshire now owns 12,175 shares of the company’s stock worth $927,000 after buying an additional 1,900 shares during the last quarter. Lyell Wealth Management LP grew its position in shares of Schwab US Dividend Equity ETF by 24.7% during the fourth quarter. Lyell Wealth Management LP now owns 7,538 shares of the company’s stock worth $574,000 after buying an additional 1,491 shares in the last quarter. Carret Asset Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 22.3% in the fourth quarter. Carret Asset Management LLC now owns 3,907 shares of the company’s stock valued at $297,000 after purchasing an additional 712 shares in the last quarter. Wynn Capital LLC acquired a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $305,000. Finally, BKA Wealth Consulting Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 19.3% in the fourth quarter. BKA Wealth Consulting Inc. now owns 8,611 shares of the company’s stock valued at $656,000 after acquiring an additional 1,391 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.1 %

Shares of NYSEARCA SCHD traded down $0.08 during mid-day trading on Friday, hitting $77.48. 2,389,921 shares of the company were exchanged, compared to its average volume of 3,622,631. The stock has a 50 day simple moving average of $78.30 and a 200-day simple moving average of $75.15. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $80.82. The firm has a market cap of $54.20 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77.

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.