Cresset Asset Management LLC decreased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 31.7% in the third quarter, HoldingsChannel reports. The firm owned 4,879,723 shares of the company’s stock after selling 2,267,200 shares during the quarter. Cresset Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $133,216,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of SCHD. eCIO Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 11.0% during the third quarter. eCIO Inc. now owns 979,802 shares of the company’s stock valued at $26,749,000 after buying an additional 96,848 shares during the period. Blueprint Financial Advisors LLC bought a new stake in Schwab US Dividend Equity ETF in the third quarter valued at $812,000. Blueprint Investment Partners LLC purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at $834,000. Focus Partners Advisor Solutions LLC raised its holdings in Schwab US Dividend Equity ETF by 3.8% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 1,329,461 shares of the company’s stock worth $36,169,000 after purchasing an additional 48,719 shares in the last quarter. Finally, BlueStem Wealth Partners LLC raised its holdings in Schwab US Dividend Equity ETF by 10.8% in the 3rd quarter. BlueStem Wealth Partners LLC now owns 99,978 shares of the company’s stock worth $2,729,000 after purchasing an additional 9,736 shares in the last quarter.
Schwab US Dividend Equity ETF Trading Down 0.8%
Shares of SCHD opened at $31.59 on Wednesday. The firm’s 50-day moving average price is $29.76 and its 200-day moving average price is $28.16. The firm has a market capitalization of $83.09 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $31.95.
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.
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