Envestnet Portfolio Solutions Inc. Purchases 39,280 Shares of Schwab US Dividend Equity ETF $SCHD

Envestnet Portfolio Solutions Inc. increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.5% in the third quarter, Holdings Channel.com reports. The firm owned 381,493 shares of the company’s stock after acquiring an additional 39,280 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Schwab US Dividend Equity ETF were worth $10,415,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SCHD. PrairieView Partners LLC grew its position in shares of Schwab US Dividend Equity ETF by 57.3% during the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after buying an additional 467 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Schwab US Dividend Equity ETF in the second quarter valued at approximately $39,000. Independence Bank of Kentucky acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth $41,000. True Wealth Design LLC grew its holdings in Schwab US Dividend Equity ETF by 42.9% during the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after acquiring an additional 450 shares during the period. Finally, Total Investment Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at $43,000.

Schwab US Dividend Equity ETF Stock Down 0.1%

NYSEARCA:SCHD opened at $29.14 on Friday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.30. The firm has a market capitalization of $76.44 billion, a P/E ratio of 14.57 and a beta of 0.77. The stock’s fifty day simple moving average is $27.83 and its 200-day simple moving average is $27.40.

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.