RMR Wealth Builders Trims Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

RMR Wealth Builders reduced its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.7% in the 4th quarter, Holdings Channel reports. The firm owned 4,532 shares of the company’s stock after selling 545 shares during the period. RMR Wealth Builders’ holdings in Schwab US Dividend Equity ETF were worth $345,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $28,000. Signature Resources Capital Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $32,000. Bear Mountain Capital Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $34,000. Howe & Rusling Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 209.8% during the 3rd quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock worth $36,000 after buying an additional 344 shares in the last quarter. Finally, Carmel Capital Partners LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $39,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock traded up $0.26 during trading hours on Wednesday, reaching $78.51. 2,050,818 shares of the company’s stock were exchanged, compared to its average volume of 3,545,943. The company has a market cap of $54.92 billion, a P/E ratio of 14.82 and a beta of 0.77. The company’s 50 day moving average is $78.35 and its two-hundred day moving average is $75.63. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $80.82.

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.