14,169 Schwab US Dividend Equity ETF $SCHD Shares Sold by Smith Partners Wealth Management LLC

Smith Partners Wealth Management LLC trimmed its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 29.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 33,687 shares of the company’s stock after selling 14,169 shares during the period. Schwab US Dividend Equity ETF comprises about 0.8% of Smith Partners Wealth Management LLC’s investment portfolio, 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 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SCHD. Rakuten Investment Management Inc. increased its position 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 purchasing an additional 3,545,800 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after buying 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 in the third quarter worth approximately $337,510,000. Cassaday & Co Wealth Management LLC boosted its holdings 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 worth $293,578,000 after buying an additional 324,778 shares during the last quarter. Finally, Royal Bank of Canada grew 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 buying an additional 660,876 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.5%

Shares of NYSEARCA SCHD 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 has a market capitalization of $122.56 billion, a price-to-earnings ratio of 19.09 and a beta of 0.66. The firm has a 50 day moving average of $34.25 and a 200 day moving average of $32.59.

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.