Koshinski Asset Management Inc. Sells 54,424 Shares of Schwab US Dividend Equity ETF $SCHD

Koshinski Asset Management Inc. reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 522,578 shares of the company’s stock after selling 54,424 shares during the period. Schwab US Dividend Equity ETF makes up 1.0% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 18th biggest position. Koshinski Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $14,266,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. purchased a new stake in Schwab US Dividend Equity ETF during the third quarter valued at about $1,127,144,000. Avantax Advisory Services Inc. increased its position in shares of Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock valued at $753,579,000 after purchasing an additional 796,001 shares during the last quarter. Envestnet Asset Management Inc. increased 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 valued at $509,221,000 after purchasing an additional 1,083,206 shares during the last quarter. Osaic Holdings Inc. raised its holdings 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 buying an additional 1,217,005 shares in the last quarter. Finally, Avantax Planning Partners Inc. lifted its position in Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock worth $265,893,000 after buying an additional 280,277 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $31.61 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $31.88. The stock has a 50 day simple moving average of $29.20 and a two-hundred day simple moving average of $27.93. The firm has a market cap of $83.14 billion, a P/E 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.