Brown Brothers Harriman & Co. Sells 876 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Brown Brothers Harriman & Co. cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 35.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,619 shares of the company’s stock after selling 876 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Schwab US Dividend Equity ETF were worth $126,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SCHD. Sumitomo Life Insurance Co. grew its position in shares of Schwab US Dividend Equity ETF by 110.7% in the first quarter. Sumitomo Life Insurance Co. now owns 6,320,000 shares of the company’s stock valued at $471,352,000 after purchasing an additional 3,320,000 shares during the last quarter. Strategic Financial Concepts LLC increased its position in Schwab US Dividend Equity ETF by 5,259.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,114,560 shares of the company’s stock worth $242,188,000 after buying an additional 3,056,451 shares during the period. Charles Schwab Trust Bank bought a new position in Schwab US Dividend Equity ETF during the 1st quarter worth $146,782,000. Focus Financial Network Inc. ADV acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $95,831,000. Finally, Diversified LLC boosted its position in shares of Schwab US Dividend Equity ETF by 493.3% in the first quarter. Diversified LLC now owns 1,128,581 shares of the company’s stock valued at $90,997,000 after acquiring an additional 938,356 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $84.11 on Thursday. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $85.15. The firm’s 50-day simple moving average is $81.97 and its 200 day simple moving average is $79.54. The firm has a market cap of $59.00 billion, a price-to-earnings 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.