Schwab US Dividend Equity ETF $SCHD Stock Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,684,634 shares of the company’s stock after acquiring an additional 3,545,800 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 4.1% of Rakuten Investment Management Inc.’s holdings, making the stock its 3rd largest position. Rakuten Investment Management Inc. owned 1.50% of Schwab US Dividend Equity ETF worth $1,664,990,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Schwab US Dividend Equity ETF by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock valued at $560,222,000 after purchasing an additional 354,983 shares during the period. Cassaday & Co Wealth Management LLC raised its stake in shares of Schwab US Dividend Equity ETF by 3.5% in the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after purchasing an additional 324,778 shares in the last quarter. Royal Bank of Canada lifted its position in Schwab US Dividend Equity ETF by 8.3% in the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after purchasing an additional 660,876 shares during the period. Keystone Financial Planning Inc. lifted its position in Schwab US Dividend Equity ETF by 0.5% in the third quarter. Keystone Financial Planning Inc. now owns 6,279,518 shares of the company’s stock worth $204,273,000 after purchasing an additional 29,169 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in Schwab US Dividend Equity ETF by 3.7% during the first quarter. Kestra Advisory Services LLC now owns 3,523,127 shares of the company’s stock worth $108,090,000 after buying an additional 126,902 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $35.55 on Wednesday. The company has a market capitalization of $120.33 billion, a P/E ratio of 14.57 and a beta of 0.66. The firm’s fifty day moving average price is $34.16 and its two-hundred day moving average price is $32.39. Schwab US Dividend Equity ETF has a fifty-two week low of $26.32 and a fifty-two week high of $36.10.

Schwab US Dividend Equity ETF 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.