Rakuten Investment Management Inc. Buys New Position in Schwab US Dividend Equity ETF $SCHD

Rakuten Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 41,592,034 shares of the company’s stock, valued at approximately $1,127,144,000. Schwab US Dividend Equity ETF accounts for about 3.6% of Rakuten Investment Management Inc.’s portfolio, making the stock its 4th largest position.

Several other institutional investors and hedge funds have also modified their holdings of SCHD. Financial Management Professionals Inc. raised its holdings in Schwab US Dividend Equity ETF by 241.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock worth $34,000 after purchasing an additional 907 shares during the period. PrairieView Partners LLC increased its position in Schwab US Dividend Equity ETF by 57.3% in the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after buying an additional 467 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Schwab US Dividend Equity ETF in the second quarter worth about $39,000. Independence Bank of Kentucky bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $41,000. Finally, True Wealth Design LLC lifted its position in shares of Schwab US Dividend Equity ETF by 42.9% during the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock valued at $41,000 after buying an additional 450 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.7%

Shares of NYSEARCA:SCHD opened at $28.70 on Wednesday. The stock has a 50 day moving average of $27.71 and a 200 day moving average of $27.36. The company has a market cap of $75.26 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.11.

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.