Schwab US Dividend Equity ETF $SCHD Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC decreased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 58.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,956 shares of the company’s stock after selling 580,241 shares during the period. Schwab US Dividend Equity ETF comprises approximately 0.8% of Founders Financial Securities LLC’s holdings, making the stock its 29th biggest holding. Founders Financial Securities LLC’s holdings in Schwab US Dividend Equity ETF were worth $11,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the second quarter worth about $1,031,129,000. RMG Wealth Management LLC acquired a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $132,621,000. Osaic Holdings Inc. increased its holdings in Schwab US Dividend Equity ETF by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after purchasing an additional 1,217,005 shares during the last quarter. DDD Partners LLC increased its holdings in Schwab US Dividend Equity ETF by 3,673.0% during the 2nd quarter. DDD Partners LLC now owns 1,196,005 shares of the company’s stock worth $31,694,000 after purchasing an additional 1,164,306 shares during the last quarter. Finally, 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 valued at $509,221,000 after purchasing an additional 1,083,206 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.3%

SCHD stock opened at $27.54 on Wednesday. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $28.84. The company has a market capitalization of $71.21 billion, a P/E ratio of 14.57 and a beta of 0.77. The firm has a 50 day simple moving average of $27.17 and a 200-day simple moving average of $27.17.

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.