Schwab US Dividend Equity ETF $SCHD Shares Sold by Root Financial Partners LLC

Root Financial Partners LLC trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,405 shares of the company’s stock after selling 3,621 shares during the period. Root Financial Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth about $1,031,129,000. LPL Financial LLC grew its position in Schwab US Dividend Equity ETF by 6.8% in the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock valued at $1,084,442,000 after acquiring an additional 2,470,706 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 95.2% during the first quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after purchasing an additional 14,410,724 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 2.9% during the second quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock worth $753,579,000 after purchasing an additional 796,001 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position 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 in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.24 on Monday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The company has a 50 day moving average price of $27.08 and a 200 day moving average price of $26.92. The stock has a market capitalization of $70.44 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.