Hopwood Financial Services Inc. Has $3.56 Million Holdings in Schwab US Dividend Equity ETF $SCHD

Hopwood Financial Services Inc. cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 17.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 130,462 shares of the company’s stock after selling 27,931 shares during the period. Schwab US Dividend Equity ETF comprises 2.4% of Hopwood Financial Services Inc.’s portfolio, making the stock its 10th biggest holding. Hopwood Financial Services Inc.’s holdings in Schwab US Dividend Equity ETF were worth $3,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHD. Rakuten Investment Management Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth $1,127,144,000. Osaic Holdings Inc. grew its position in Schwab US Dividend Equity ETF by 12.1% during the second 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 in the last quarter. DDD Partners LLC increased its stake 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 during the last quarter. Envestnet Asset Management Inc. increased its stake in Schwab US Dividend Equity ETF by 6.0% in 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 last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 18.0% in the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock valued at $180,178,000 after acquiring an additional 1,005,469 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.4%

Shares of NYSEARCA SCHD opened at $31.35 on Tuesday. The business has a 50-day moving average of $28.49 and a 200-day moving average of $27.64. The firm has a market capitalization of $82.46 billion, a price-to-earnings 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 $31.49.

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.