Wealth Enhancement Advisory Services LLC Cuts Position in Schwab US Dividend Equity ETF $SCHD

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.1% during the third quarter, HoldingsChannel.com reports. The firm owned 11,576,470 shares of the company’s stock after selling 491,137 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $315,806,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 241.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after buying an additional 907 shares in the last quarter. PrairieView Partners LLC grew its position in shares of Schwab US Dividend Equity ETF by 57.3% in the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after purchasing an additional 467 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter worth about $39,000. Independence Bank of Kentucky acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth about $41,000. Finally, True Wealth Design LLC lifted its stake in Schwab US Dividend Equity ETF by 42.9% in the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock valued at $41,000 after buying an additional 450 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.4%

NYSEARCA:SCHD opened at $28.90 on Monday. The stock has a 50 day moving average of $27.64 and a two-hundred day moving average of $27.34. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.11. The firm has a market cap of $75.72 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.