Adamsbrown Wealth Consultants LLC Sells 647,154 Shares of Schwab US Dividend Equity ETF $SCHD

Adamsbrown Wealth Consultants LLC trimmed its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 57.2% during the third quarter, HoldingsChannel.com reports. The fund owned 484,373 shares of the company’s stock after selling 647,154 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 3.6% of Adamsbrown Wealth Consultants LLC’s holdings, making the stock its 9th largest position. Adamsbrown Wealth Consultants LLC’s holdings in Schwab US Dividend Equity ETF were worth $13,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rakuten Investment Management Inc. bought a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $1,127,144,000. RMG Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the second quarter valued at approximately $132,621,000. Osaic Holdings Inc. increased its stake in Schwab US Dividend Equity ETF by 12.1% during the second 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 period. DDD Partners LLC boosted its holdings in Schwab US Dividend Equity ETF by 3,673.0% in the second 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 in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Schwab US Dividend Equity ETF by 6.0% during 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 during the period.

Schwab US Dividend Equity ETF Trading Up 0.7%

Schwab US Dividend Equity ETF stock opened at $29.37 on Wednesday. The stock has a market cap of $77.10 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.39. The stock has a 50-day moving average price of $27.92 and a 200 day moving average price of $27.43.

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.