Sheets Smith Wealth Management Trims Stock Position in Schwab US Dividend Equity ETF $SCHD

Sheets Smith Wealth Management trimmed its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 254,168 shares of the company’s stock after selling 36,594 shares during the quarter. Schwab US Dividend Equity ETF accounts for 0.8% of Sheets Smith Wealth Management’s portfolio, making the stock its 29th biggest position. Sheets Smith Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $6,939,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in Schwab US Dividend Equity ETF in the second quarter worth about $1,031,129,000. Avantax Advisory Services Inc. grew its holdings in shares of 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 worth $753,579,000 after acquiring an additional 796,001 shares during the period. Envestnet Asset Management Inc. raised its position 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 worth $509,221,000 after acquiring an additional 1,083,206 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 3.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,067,607 shares of the company’s stock valued at $330,049,000 after purchasing an additional 412,988 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after purchasing an additional 1,217,005 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.4%

Shares of SCHD stock opened at $27.66 on Friday. The business’s fifty day moving average is $27.21 and its 200 day moving average is $27.17. The stock has a market cap of $71.52 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $28.84.

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.