Level Four Advisory Services LLC Sells 20,199 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Level Four Advisory Services LLC lowered its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 386,146 shares of the company’s stock after selling 20,199 shares during the quarter. Level Four Advisory Services LLC owned about 0.06% of Schwab US Dividend Equity ETF worth $10,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. lifted its stake in Schwab US Dividend Equity ETF by 6.7% during the 3rd quarter. Citigroup Inc. now owns 170,486 shares of the company’s stock valued at $14,411,000 after acquiring an additional 10,724 shares during the period. Bank of Montreal Can raised its position in shares of Schwab US Dividend Equity ETF by 11.5% during the 3rd quarter. Bank of Montreal Can now owns 33,878 shares of the company’s stock valued at $2,855,000 after purchasing an additional 3,503 shares during the period. FMR LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 39.3% during the 3rd quarter. FMR LLC now owns 127,966 shares of the company’s stock valued at $10,817,000 after buying an additional 36,115 shares in the last quarter. Townsquare Capital LLC boosted its holdings in Schwab US Dividend Equity ETF by 8.8% in the 3rd quarter. Townsquare Capital LLC now owns 52,143 shares of the company’s stock worth $4,408,000 after buying an additional 4,200 shares during the period. Finally, Glenmede Trust Co. NA increased its stake in Schwab US Dividend Equity ETF by 79.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,587 shares of the company’s stock worth $472,000 after buying an additional 2,465 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $27.75 on Friday. The company has a 50 day simple moving average of $27.97 and a two-hundred day simple moving average of $28.13. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The firm has a market cap of $69.93 billion, a P/E ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be issued a $0.2488 dividend. The ex-dividend date is Wednesday, March 26th.

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.