IFP Advisors Inc Lowers Position in Schwab US Dividend Equity ETF $SCHD

IFP Advisors Inc decreased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 778,158 shares of the company’s stock after selling 34,132 shares during the period. IFP Advisors Inc’s holdings in Schwab US Dividend Equity ETF were worth $21,244,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SCHD. Rakuten Investment Management Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. bought a new position in Schwab US Dividend Equity ETF in the third quarter worth $847,665,000. Cibc World Market Inc. lifted its position in 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 buying an additional 3,777,339 shares during the period. Osaic Holdings Inc. lifted its position in 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 valued at $298,684,000 after buying an additional 1,217,005 shares during the period. Finally, Lido Advisors LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $32,308,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $30.58 on Thursday. The firm’s 50-day moving average price is $30.49 and its 200-day moving average price is $28.41. The company has a market capitalization of $80.43 billion, a PE 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.

Schwab US Dividend Equity ETF Company 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.