Dakota Wealth Management Cuts Stock Position in Schwab US Dividend Equity ETF $SCHD

Dakota Wealth Management trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 463,298 shares of the company’s stock after selling 48,401 shares during the period. Dakota Wealth Management’s holdings in Schwab US Dividend Equity ETF were worth $12,648,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCHD. Advisory Resource Group boosted its position in Schwab US Dividend Equity ETF by 4.4% during the 2nd quarter. Advisory Resource Group now owns 59,500 shares of the company’s stock valued at $1,577,000 after buying an additional 2,520 shares during the period. First Command Advisory Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 7.6% during the third quarter. First Command Advisory Services Inc. now owns 1,107,033 shares of the company’s stock worth $30,222,000 after purchasing an additional 77,785 shares during the period. BG Investment Services Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 82.8% in the third quarter. BG Investment Services Inc. now owns 62,076 shares of the company’s stock worth $1,695,000 after purchasing an additional 28,109 shares during the last quarter. DMKC Advisory Services LLC increased its holdings in Schwab US Dividend Equity ETF by 10.6% during the 3rd quarter. DMKC Advisory Services LLC now owns 219,680 shares of the company’s stock valued at $5,997,000 after purchasing an additional 20,989 shares during the period. Finally, AE Wealth Management LLC raised its position in Schwab US Dividend Equity ETF by 13.2% during the 2nd quarter. AE Wealth Management LLC now owns 321,104 shares of the company’s stock valued at $8,509,000 after purchasing an additional 37,403 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $31.53 on Tuesday. The stock has a 50 day simple moving average of $29.27 and a two-hundred day simple moving average of $27.97. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.88. The stock has a market cap of $82.93 billion, a P/E ratio of 14.57 and a beta of 0.77.

About Schwab US Dividend Equity ETF

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.