Trustmark National Bank Trust Department Trims Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Trustmark National Bank Trust Department reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 65.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,845 shares of the company’s stock after selling 32,006 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Schwab US Dividend Equity ETF were worth $1,358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division acquired a new position in Schwab US Dividend Equity ETF during the 1st quarter valued at approximately $25,000. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Schwab US Dividend Equity ETF in the first quarter worth about $26,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000. Signature Resources Capital Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $32,000. Finally, Westside Investment Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter valued at about $32,000.

Schwab US Dividend Equity ETF Price Performance

SCHD stock traded down $0.60 during mid-day trading on Tuesday, reaching $80.58. 2,239,863 shares of the company’s stock were exchanged, compared to its average volume of 3,282,323. The company has a market cap of $56.53 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $82.94. The stock’s 50 day moving average is $78.44 and its 200 day moving average is $77.97.

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.