Asset Advisors Investment Management LLC trimmed its position in the Schwab US Dividend Equity ETF by 2.9% in the third quarter, reducing its holdings by 79,563 shares to a total of 2,642,822 shares. Following the sale, SCHD represents approximately 6.8% of Asset Advisors’ overall portfolio, making it the firm’s third-largest holding. As of quarter end, the position was valued at roughly $72.1 million, accounting for 0.10% of the ETF’s total shares outstanding.

Several other asset managers made material changes to their SCHD allocations during the same period. MassMutual Private Wealth & Trust FSB increased its SCHD stake by 68.9%, adding 26,200 shares to bring its total to 64,225. Cerity Partners LLC boosted its allocation by 18.0%, acquiring 1,005,469 additional shares to reach 6,599,938. Galvin Gaustad & Stein LLC and Barry Investment Advisors LLC raised their positions by 8.4% and 8.8%, respectively, while Capital & Planning LLC nearly doubled its exposure with a 92.4% increase.

Launched in October 2011, the Schwab US Dividend Equity ETF tracks the Dow Jones U.S. Dividend 100 Index, a market-cap-weighted benchmark of 100 U.S. companies selected for dividend sustainability and yield. The fund’s rules impose minimum distribution history requirements and liquidity screens, ensuring constituent firms exhibit stable cash flows and established dividend records. SCHD’s disciplined reconstitution process each quarter seeks to balance income generation with broad sector diversification.