Schwab US Dividend Equity ETF $SCHD Position Decreased by Howard Financial Services LTD.

Howard Financial Services LTD. cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,955,537 shares of the company’s stock after selling 34,712 shares during the period. Schwab US Dividend Equity ETF comprises about 6.3% of Howard Financial Services LTD.’s holdings, making the stock its 2nd biggest position. Howard Financial Services LTD.’s holdings in Schwab US Dividend Equity ETF were worth $53,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rakuten Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF in the third quarter worth $1,127,144,000. Sumitomo Life Insurance Co. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $847,665,000. Osaic Holdings Inc. raised its stake in shares of 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 period. Avantax Planning Partners Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock worth $265,893,000 after buying an additional 280,277 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 18.0% in the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock worth $180,178,000 after buying an additional 1,005,469 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $30.64 on Wednesday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.95. The firm has a 50-day moving average of $30.65 and a 200 day moving average of $28.49. The firm has a market cap of $80.59 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.