107,446 Schwab US Dividend Equity ETF $SCHD Shares Sold by DMKC Advisory Services LLC

DMKC Advisory Services LLC trimmed its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 22.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,316 shares of the company’s stock after selling 107,446 shares during the period. Schwab US Dividend Equity ETF makes up 2.8% of DMKC Advisory Services LLC’s investment portfolio, making the stock its 9th largest holding. DMKC Advisory Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Investment Management Inc. boosted its stake in Schwab US Dividend Equity ETF by 7.5% in the third quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock valued at $1,664,990,000 after acquiring an additional 3,545,800 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after purchasing an additional 354,983 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $337,510,000. Cassaday & Co Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 3.5% during the first quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after purchasing an additional 324,778 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Schwab US Dividend Equity ETF by 8.3% during the first quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after purchasing an additional 660,876 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $35.65 on Tuesday. The company has a market capitalization of $121.30 billion, a P/E ratio of 19.09 and a beta of 0.66. Schwab US Dividend Equity ETF has a fifty-two week low of $26.51 and a fifty-two week high of $36.38. The stock has a 50-day simple moving average of $34.21 and a 200-day simple moving average of $32.52.

Schwab US Dividend Equity ETF 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.