WealthPlan Investment Management LLC Decreases Stock Holdings in Schwab US Dividend Equity ETF $SCHD

WealthPlan Investment Management LLC lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 41.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 155,354 shares of the company’s stock after selling 107,736 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SCHD. Kingstone Capital Partners Texas LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the second quarter worth about $1,031,129,000. RMG Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $132,621,000. Osaic Holdings Inc. grew its position 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 buying an additional 1,217,005 shares during the last quarter. DDD Partners LLC grew its position in shares of Schwab US Dividend Equity ETF by 3,673.0% in the 2nd quarter. DDD Partners LLC now owns 1,196,005 shares of the company’s stock worth $31,694,000 after buying an additional 1,164,306 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased 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 valued at $509,221,000 after buying an additional 1,083,206 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.4%

Shares of Schwab US Dividend Equity ETF stock opened at $28.62 on Wednesday. The business has a 50 day moving average of $27.50 and a 200 day moving average of $27.30. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $28.84. The company has a market cap of $74.90 billion, a PE ratio of 14.57 and a beta of 0.77.

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.