Envestnet Portfolio Solutions Inc. Grows Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Envestnet Portfolio Solutions Inc. grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 238.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 353,594 shares of the company’s stock after acquiring an additional 249,197 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.05% of Schwab US Dividend Equity ETF worth $9,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $34,000. Phillips Financial Management LLC grew its stake in Schwab US Dividend Equity ETF by 144.8% during the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $68,000. Prospera Private Wealth LLC acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $73,000. Finally, Central Pacific Bank Trust Division lifted its position in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares during the period.

Schwab US Dividend Equity ETF Trading Up 1.2 %

Schwab US Dividend Equity ETF stock opened at $27.96 on Tuesday. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The stock has a 50 day moving average of $27.90 and a two-hundred day moving average of $28.13. The stock has a market capitalization of $69.34 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86.

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.