Schwab US Dividend Equity ETF $SCHD Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 61.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 481,950 shares of the company’s stock after buying an additional 183,950 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $14,786,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cassaday & Co Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 52.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the period. Cibc World Market Inc. increased its holdings in Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares in the last quarter. Keudell Morrison Wealth Management purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $43,773,000. Baer Investment Advisory LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the first quarter worth about $46,847,000. Finally, Evergreen Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $41,630,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $32.20 on Wednesday. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $32.92. The business has a 50-day moving average of $32.19 and a 200-day moving average of $30.97. The company has a market capitalization of $97.99 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

Schwab US Dividend Equity ETF Profile

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.