Stewardship Concepts Financial Services LLC Sells 22,330 Shares of Schwab US Dividend Equity ETF $SCHD

Stewardship Concepts Financial Services LLC reduced its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 282,125 shares of the company’s stock after selling 22,330 shares during the period. Schwab US Dividend Equity ETF accounts for 6.0% of Stewardship Concepts Financial Services LLC’s portfolio, making the stock its 4th biggest position. Stewardship Concepts Financial Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $9,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock valued at $560,222,000 after acquiring an additional 354,983 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF by 3.5% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after acquiring an additional 324,778 shares in the last quarter. Royal Bank of Canada increased its position in shares of Schwab US Dividend Equity ETF by 8.3% in the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after purchasing an additional 660,876 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Schwab US Dividend Equity ETF by 5.8% in the 4th quarter. MML Investors Services LLC now owns 6,298,234 shares of the company’s stock valued at $172,761,000 after purchasing an additional 345,987 shares in the last quarter. Finally, HHM Wealth Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 2.8% in the 1st quarter. HHM Wealth Advisors LLC now owns 5,156,506 shares of the company’s stock valued at $158,202,000 after purchasing an additional 138,225 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock traded up $0.13 during trading hours on Tuesday, hitting $32.85. 19,863,109 shares of the company were exchanged, compared to its average volume of 22,454,807. The stock has a market capitalization of $108.95 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a one year low of $26.32 and a one year high of $35.31. The business’s 50-day simple moving average is $34.07 and its two-hundred day simple moving average is $32.59.

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.