Pallas Capital Advisors LLC Trims Holdings in Schwab US Dividend Equity ETF $SCHD

Pallas Capital Advisors LLC reduced its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 160,321 shares of the company’s stock after selling 19,529 shares during the period. Pallas Capital Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,377,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHD. Rakuten Investment Management Inc. acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $1,127,144,000. Cibc World Market Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 243.5% in the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after purchasing an additional 3,777,339 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of 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 valued at $298,684,000 after purchasing an additional 1,217,005 shares during the period. DDD Partners LLC raised its stake in shares of Schwab US Dividend Equity ETF by 3,673.0% during 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. raised its stake 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 worth $509,221,000 after purchasing an additional 1,083,206 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $31.61 on Monday. The firm has a market cap of $83.14 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The firm’s fifty day moving average price is $28.80 and its 200 day moving average price is $27.76. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $31.77.

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.