Schwab US Dividend Equity ETF $SCHD Stock: Smith Partners Wealth Management LLC Trims Stake

Smith Partners Wealth Management LLC decreased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 29.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,687 shares of the company’s stock after selling 14,169 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 0.8% of Smith Partners Wealth Management LLC’s holdings, making the stock its 25th biggest position. Smith Partners Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rakuten Investment Management Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 7.5% during the 3rd quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock valued at $1,664,990,000 after acquiring an additional 3,545,800 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings 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 last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $337,510,000. Cassaday & Co Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF by 3.5% during 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 during the period. Finally, Royal Bank of Canada lifted its position in Schwab US Dividend Equity ETF by 8.3% during the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after purchasing an additional 660,876 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.5%

Shares of SCHD stock opened at $36.02 on Thursday. Schwab US Dividend Equity ETF has a 12-month low of $26.60 and a 12-month high of $36.38. The firm’s 50 day moving average is $34.25 and its 200 day moving average is $32.59. The stock has a market capitalization of $122.56 billion, a P/E ratio of 19.09 and a beta of 0.66.

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.