Ledyard National Bank lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 16.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 956,251 shares of the company’s stock after buying an additional 134,724 shares during the period. Schwab US Dividend Equity ETF comprises approximately 2.4% of Ledyard National Bank’s holdings, making the stock its 9th largest holding. Ledyard National Bank’s holdings in Schwab US Dividend Equity ETF were worth $31,107,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of SCHD. Summit Financial Wealth Advisors LLC acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at $63,803,000. Paradiem LLC acquired a new position in Schwab US Dividend Equity ETF during the first quarter worth $56,258,000. Baer Investment Advisory LLC acquired a new position in Schwab US Dividend Equity ETF during the first quarter worth $46,847,000. Albion Financial Group UT acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth $39,427,000. Finally, Stonehearth Capital Management LLC bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at $31,481,000.
Schwab US Dividend Equity ETF Stock Performance
Shares of NYSEARCA SCHD opened at $35.40 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $35.45. The business has a fifty day moving average of $34.05 and a two-hundred day moving average of $32.88. The stock has a market cap of $118.71 billion, a PE ratio of 14.57 and a beta of 0.68.
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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