Citigroup Inc. Purchases 117,547 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Citigroup Inc. increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 24.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 599,389 shares of the company’s stock after buying an additional 117,547 shares during the quarter. Citigroup Inc.’s holdings in Schwab US Dividend Equity ETF were worth $16,759,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SCHD. Eagle Capital Management LLC boosted its position in Schwab US Dividend Equity ETF by 204.9% during the fourth quarter. Eagle Capital Management LLC now owns 862,365 shares of the company’s stock valued at $23,560,000 after purchasing an additional 579,549 shares during the last quarter. Brighton Jones LLC boosted its position in Schwab US Dividend Equity ETF by 404.6% during the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after purchasing an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Schwab US Dividend Equity ETF by 206.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after purchasing an additional 51,696 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Schwab US Dividend Equity ETF by 268.3% during the fourth quarter. Russell Investments Group Ltd. now owns 22,732 shares of the company’s stock valued at $621,000 after purchasing an additional 16,560 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Federated Hermes Inc. now owns 22,845 shares of the company’s stock valued at $624,000 after purchasing an additional 15,230 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $27.46 on Thursday. The stock has a 50 day moving average price of $26.92 and a 200 day moving average price of $26.89. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72. The stock has a market capitalization of $71.62 billion, a PE ratio of 14.57 and a beta of 0.88.

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.