Redhawk Wealth Advisors Inc. Trims Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Redhawk Wealth Advisors Inc. lessened its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 368,518 shares of the company’s stock after selling 35,944 shares during the quarter. Schwab US Dividend Equity ETF accounts for 1.2% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 18th largest position. Redhawk Wealth Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,061,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new stake in Schwab US Dividend Equity ETF in the second quarter valued at approximately $1,031,129,000. Avantax Advisory Services Inc. lifted its stake in Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock valued at $753,579,000 after acquiring an additional 796,001 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock valued at $509,221,000 after acquiring an additional 1,083,206 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 0.7% in the first quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock worth $491,196,000 after acquiring an additional 113,330 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 3.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,067,607 shares of the company’s stock worth $330,049,000 after purchasing an additional 412,988 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $27.48 on Friday. The firm’s fifty day moving average is $27.12 and its two-hundred day moving average is $27.13. The firm has a market cap of $71.06 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $28.84.

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.