Rakuten Investment Management Inc. grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 7.5% during the 3rd quarter, HoldingsChannel reports. 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 makes up approximately 4.1% of Rakuten Investment Management Inc.’s holdings, making the stock its 3rd biggest holding. Rakuten Investment Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,664,990,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Serenity Investment Advisors lifted its holdings in shares of Schwab US Dividend Equity ETF by 81.9% during the third quarter. Serenity Investment Advisors now owns 64,215 shares of the company’s stock valued at $2,089,000 after acquiring an additional 28,907 shares during the period. Westhampton Capital LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $226,000. Farrow Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $203,000. MFG Investments LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $232,000. Finally, Third View Private Wealth LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $1,194,000.
Schwab US Dividend Equity ETF Stock Down 1.0%
Shares of Schwab US Dividend Equity ETF stock opened at $35.55 on Wednesday. The stock has a market capitalization of $120.33 billion, a P/E ratio of 14.57 and a beta of 0.66. The company has a 50-day simple moving average of $34.16 and a 200 day simple moving average of $32.39. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $36.10.
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.
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