Envestnet Asset Management Inc. Reduces Holdings in Schwab US Dividend Equity ETF $SCHD

Envestnet Asset Management Inc. reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 18,025,557 shares of the company’s stock after selling 1,190,327 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $492,098,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SCHD. Rakuten Investment Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $1,127,144,000. RMG Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF in the second quarter valued at approximately $132,621,000. Osaic Holdings Inc. increased its holdings 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 acquiring an additional 1,217,005 shares during the period. DDD Partners LLC raised its position in Schwab US Dividend Equity ETF by 3,673.0% in the 2nd quarter. DDD Partners LLC now owns 1,196,005 shares of the company’s stock valued at $31,694,000 after purchasing an additional 1,164,306 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Schwab US Dividend Equity ETF by 18.0% in the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock valued at $180,178,000 after purchasing an additional 1,005,469 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $30.50 on Wednesday. The company has a market capitalization of $80.14 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $30.55. The company’s fifty day moving average is $28.20 and its two-hundred day moving average is $27.52.

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.