Schwab US Dividend Equity ETF $SCHD is Hidden Cove Wealth Management LLC’s 2nd Largest Position

Hidden Cove Wealth Management LLC lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 547,941 shares of the company’s stock after selling 80,272 shares during the quarter. Schwab US Dividend Equity ETF makes up 9.9% of Hidden Cove Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Hidden Cove Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $14,959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Kingstone Capital Partners Texas LLC bought a new stake in Schwab US Dividend Equity ETF during the second quarter valued at about $1,031,129,000. RMG Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at approximately $132,621,000. Osaic Holdings Inc. grew 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 acquiring an additional 1,217,005 shares during the period. DDD Partners LLC increased its holdings in 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 acquiring an additional 1,164,306 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 1,083,206 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $28.55 on Friday. The company has a 50 day simple moving average of $27.41 and a two-hundred day simple moving average of $27.26. The firm has a market cap of $74.65 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $28.84.

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.