IMA Advisory Services Inc. Sells 2,284,538 Shares of Schwab US Dividend Equity ETF $SCHD

IMA Advisory Services Inc. cut its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 78.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 624,391 shares of the company’s stock after selling 2,284,538 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 1.7% of IMA Advisory Services Inc.’s holdings, making the stock its 14th biggest holding. IMA Advisory Services Inc.’s holdings in Schwab US Dividend Equity ETF were worth $17,046,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Investment Management Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $1,127,144,000. Cibc World Market Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 243.5% during the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after acquiring an additional 3,777,339 shares during the last quarter. Osaic Holdings Inc. lifted its holdings 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 worth $298,684,000 after purchasing an additional 1,217,005 shares during the period. DDD Partners LLC grew its stake in shares of 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 worth $31,694,000 after purchasing an additional 1,164,306 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Schwab US Dividend Equity ETF by 6.0% in the second 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 period.

Schwab US Dividend Equity ETF Trading Down 0.9%

Shares of SCHD opened at $31.34 on Friday. The stock’s 50-day moving average price is $28.72 and its two-hundred day moving average price is $27.72. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $31.77. The company has a market capitalization of $82.43 billion, a PE 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.