Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by McCarthy Asset Management Inc.

McCarthy Asset Management Inc. grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 190.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 885,426 shares of the company’s stock after acquiring an additional 580,060 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 17.1% of McCarthy Asset Management Inc.’s holdings, making the stock its 2nd largest position. McCarthy Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $24,190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its position in Schwab US Dividend Equity ETF by 569.6% during the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after purchasing an additional 42,218,696 shares during the period. LPL Financial LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after acquiring an additional 24,783,386 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after acquiring an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after acquiring an additional 17,501,170 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $592,939,000.

Schwab US Dividend Equity ETF Stock Down 0.4%

Schwab US Dividend Equity ETF stock opened at $26.48 on Wednesday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The firm has a market capitalization of $68.85 billion, a price-to-earnings ratio of 15.01 and a beta of 0.82. The firm has a 50-day moving average price of $26.29 and a two-hundred day moving average price of $27.50.

Schwab US Dividend Equity ETF 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.