Schwab US Dividend Equity ETF $SCHD Shares Acquired by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,865,265 shares of the company’s stock after acquiring an additional 21,877 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 9.3% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Spinnaker Investment Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $51,164,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $1,127,144,000. Sumitomo Life Insurance Co. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $847,665,000. Cibc World Market Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after buying an additional 3,777,339 shares during the last quarter. Osaic Holdings Inc. boosted its holdings 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 buying an additional 1,217,005 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $32,308,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $30.64 on Wednesday. The firm’s fifty day moving average price is $30.65 and its 200 day moving average price is $28.49. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $31.95. The company has a market capitalization of $80.59 billion, a price-to-earnings 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.