Westbourne Investments Inc. Decreases Holdings in Schwab US Dividend Equity ETF $SCHD

Westbourne Investments Inc. cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,447 shares of the company’s stock after selling 4,981 shares during the quarter. Westbourne Investments Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SCHD. Wealthspire Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 95.2% in the first quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after buying an additional 14,410,724 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Schwab US Dividend Equity ETF by 216.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,471,870 shares of the company’s stock worth $313,411,000 after buying an additional 7,842,532 shares during the period. LPL Financial LLC increased its stake in shares of Schwab US Dividend Equity ETF by 6.8% in the first quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after buying an additional 2,470,706 shares during the period. Charles Schwab Trust Bank increased its stake in shares of Schwab US Dividend Equity ETF by 143.2% in the fourth quarter. Charles Schwab Trust Bank now owns 3,955,650 shares of the company’s stock worth $108,068,000 after buying an additional 2,329,341 shares during the period. Finally, Cresset Asset Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 37.5% in the first quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after buying an additional 2,069,007 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.3%

Shares of NYSEARCA SCHD opened at $27.42 on Wednesday. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72. The firm’s fifty day moving average is $27.30 and its 200 day moving average is $26.82. The company has a market cap of $71.52 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88.

About Schwab US Dividend Equity ETF

(Free Report)

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.

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