Principle Wealth Partners LLC Reduces Stake in Schwab US Dividend Equity ETF $SCHD

Principle Wealth Partners LLC lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 24.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 719,176 shares of the company’s stock after selling 231,538 shares during the period. Schwab US Dividend Equity ETF accounts for about 1.1% of Principle Wealth Partners LLC’s portfolio, making the stock its 19th biggest position. Principle Wealth Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $19,634,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rakuten Investment Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth $1,127,144,000. Avantax Advisory Services Inc. boosted its holdings in 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 valued at $753,579,000 after purchasing an additional 796,001 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Schwab US Dividend Equity ETF by 6.0% during the 2nd 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 period. Osaic Holdings Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 12.1% during the 2nd 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 last quarter. Finally, Avantax Planning Partners Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock valued at $265,893,000 after buying an additional 280,277 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.7%

Shares of SCHD opened at $29.37 on Wednesday. The company has a market capitalization of $77.10 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.39. The stock’s 50-day moving average price is $27.92 and its 200-day moving average price is $27.43.

Schwab US Dividend Equity ETF 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.