Schwab US Dividend Equity ETF $SCHD Stake Reduced by Lighthouse Wealth Management Inc.

Lighthouse Wealth Management Inc. lessened its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 457,715 shares of the company’s stock after selling 25,437 shares during the period. Schwab US Dividend Equity ETF makes up 10.1% of Lighthouse Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest position. Lighthouse Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $12,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new position in Schwab US Dividend Equity ETF in the second quarter valued at about $1,031,129,000. RMG Wealth Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $132,621,000. Osaic Holdings Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock worth $298,684,000 after acquiring an additional 1,217,005 shares during the last quarter. DDD Partners LLC boosted its position in shares of Schwab US Dividend Equity ETF by 3,673.0% during the 2nd 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 period. Finally, Envestnet Asset Management Inc. boosted its position in shares of 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.

Schwab US Dividend Equity ETF Stock Up 0.0%

Shares of NYSEARCA SCHD opened at $27.63 on Wednesday. The firm has a market cap of $71.45 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 $28.84. The business’s 50 day moving average is $27.25 and its two-hundred day moving average is $27.19.

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.