Sumitomo Mitsui Trust Group Inc. Raises Stake in Schwab US Dividend Equity ETF $SCHD

Sumitomo Mitsui Trust Group Inc. increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 40.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,000 shares of the company’s stock after purchasing an additional 86,400 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $8,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHD. Biltmore Family Office LLC boosted its holdings in Schwab US Dividend Equity ETF by 116.4% during the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after buying an additional 524 shares in the last quarter. Triumph Capital Management purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $33,000. KERR FINANCIAL PLANNING Corp purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $35,000. Reyes Financial Architecture Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 1,903.1% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after acquiring an additional 1,237 shares during the period. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $36,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $31.05 on Friday. The firm has a market capitalization of $87.22 billion, a price-to-earnings ratio of 14.57 and a beta of 0.70. The business’s 50 day simple moving average is $31.03 and its 200-day simple moving average is $28.89. Schwab US Dividend Equity ETF has a 12 month low of $24.76 and a 12 month high of $31.95.

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.