Schwab US Dividend Equity ETF $SCHD Holdings Reduced by Fifth Third Bancorp

Fifth Third Bancorp lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,761,027 shares of the company’s stock after selling 227,929 shares during the quarter. Fifth Third Bancorp’s holdings in Schwab US Dividend Equity ETF were worth $75,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rakuten Investment Management Inc. acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $1,127,144,000. Avantax Advisory Services Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 2.9% in the second quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock worth $753,579,000 after purchasing an additional 796,001 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 6.0% during 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. Osaic Holdings Inc. lifted its holdings in Schwab US Dividend Equity ETF by 12.1% in 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. Finally, Avantax Planning Partners Inc. lifted its holdings in Schwab US Dividend Equity ETF by 3.0% in the third quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock worth $265,893,000 after purchasing an additional 280,277 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.9%

Schwab US Dividend Equity ETF stock opened at $31.61 on Monday. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $31.77. The stock has a market cap of $83.14 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The company’s 50-day moving average price is $28.80 and its two-hundred day moving average price is $27.76.

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.