Steele Capital Management Inc. Has $32.06 Million Holdings in Schwab US Dividend Equity ETF $SCHD

Steele Capital Management Inc. lessened its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,174,403 shares of the company’s stock after selling 48,794 shares during the period. Schwab US Dividend Equity ETF comprises about 1.4% of Steele Capital Management Inc.’s holdings, making the stock its 20th biggest position. Steele Capital Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $32,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SCHD. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at about $1,031,129,000. RMG Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF during the second quarter worth $132,621,000. Osaic Holdings Inc. boosted its stake 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 valued at $298,684,000 after purchasing an additional 1,217,005 shares in the last quarter. DDD Partners LLC lifted its holdings in Schwab US Dividend Equity ETF by 3,673.0% during the 2nd quarter. DDD Partners LLC now owns 1,196,005 shares of the company’s stock valued at $31,694,000 after purchasing an additional 1,164,306 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Schwab US Dividend Equity ETF by 6.0% in 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 in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.5%

NYSEARCA SCHD opened at $28.55 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $28.84. The company has a 50 day moving average of $27.41 and a 200-day moving average of $27.26. The firm has a market cap of $74.65 billion, a price-to-earnings 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.