Wealthspire Advisors LLC Sells 112,478 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Wealthspire Advisors LLC cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,922,867 shares of the company’s stock after selling 112,478 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 4.9% of Wealthspire Advisors LLC’s holdings, making the stock its 5th biggest position. Wealthspire Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $382,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Advisors L.P. raised its stake in shares of Schwab US Dividend Equity ETF by 36.7% during the 4th quarter. Natixis Advisors L.P. now owns 13,960 shares of the company’s stock worth $1,062,000 after buying an additional 3,749 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth $354,000. Ieq Capital LLC boosted its position in shares of Schwab US Dividend Equity ETF by 4.1% during the 4th quarter. Ieq Capital LLC now owns 5,780 shares of the company’s stock worth $440,000 after purchasing an additional 230 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 319.9% during the 4th quarter. Tortoise Investment Management LLC now owns 3,074 shares of the company’s stock worth $236,000 after purchasing an additional 2,342 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its stake in shares of Schwab US Dividend Equity ETF by 1.6% during the 4th quarter. Level Four Advisory Services LLC now owns 127,785 shares of the company’s stock worth $9,728,000 after purchasing an additional 1,987 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.9 %

Shares of SCHD opened at $83.36 on Friday. The firm’s 50-day moving average is $81.56 and its two-hundred day moving average is $79.40. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $84.57. The firm has a market capitalization of $58.48 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.