Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stake Cut by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC decreased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 77,409 shares of the company’s stock after selling 3,907 shares during the period. Schwab US Dividend Equity ETF accounts for 3.0% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 7th largest position. St. Johns Investment Management Company LLC’s holdings in Schwab US Dividend Equity ETF were worth $6,241,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $228,390,000. Focus Financial Network Inc. ADV purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $95,831,000. International Assets Investment Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $89,561,000. DDD Partners LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 12,161.9% in the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock valued at $37,163,000 after acquiring an additional 484,167 shares in the last quarter. Finally, Burkett Financial Services LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $36,856,000.

Schwab US Dividend Equity ETF Stock Down 0.4 %

NYSEARCA:SCHD opened at $77.43 on Thursday. The business’s 50-day moving average price is $78.07 and its two-hundred day moving average price is $77.54. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The stock has a market cap of $54.32 billion, a P/E ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF Company 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.