Trek Financial LLC raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 255,443 shares of the company’s stock after purchasing an additional 26,527 shares during the quarter. Trek Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,007,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of SCHD. Rakuten Investment Management Inc. bought a new position in Schwab US Dividend Equity ETF during the third quarter valued at about $1,127,144,000. Sumitomo Life Insurance Co. bought a new stake in Schwab US Dividend Equity ETF in the third quarter worth about $847,665,000. Cibc World Market Inc. raised its position in Schwab US Dividend Equity ETF by 243.5% in the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after acquiring an additional 3,777,339 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares during the last quarter. Finally, Lido Advisors LLC acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $32,308,000.
Schwab US Dividend Equity ETF Trading Up 0.4%
NYSEARCA:SCHD opened at $31.75 on Tuesday. The company has a 50-day moving average of $31.00 and a 200-day moving average of $29.35. The firm has a market cap of $90.13 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a twelve month low of $25.69 and a twelve month high of $32.13.
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.
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