Schwab US Dividend Equity ETF $SCHD Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 23.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,775 shares of the company’s stock after selling 33,529 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 1.3% of Genesee Capital Advisors LLC’s portfolio, making the stock its 18th largest holding. Genesee Capital Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,997,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SCHD. Rakuten Investment Management Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $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 $132,621,000. Osaic Holdings Inc. boosted its stake in shares of 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 valued at $298,684,000 after acquiring an additional 1,217,005 shares during the last quarter. DDD Partners LLC increased its position 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 in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in 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 during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.7%

NYSEARCA:SCHD opened at $29.37 on Wednesday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.39. The firm has a market cap of $77.10 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The company’s 50-day moving average is $27.92 and its two-hundred day moving average is $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.