Sumitomo Life Insurance Co. Takes Position in Schwab US Dividend Equity ETF $SCHD

Sumitomo Life Insurance Co. acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,050,000 shares of the company’s stock, valued at approximately $847,665,000. Schwab US Dividend Equity ETF makes up about 26.3% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its biggest holding.

Other institutional investors also recently bought and sold shares of the company. Rakuten Investment Management Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $1,127,144,000. Avantax Advisory Services Inc. grew its holdings in Schwab US Dividend Equity ETF by 2.9% during the 2nd quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock worth $753,579,000 after acquiring an additional 796,001 shares in the last quarter. Osaic Holdings Inc. increased its position in Schwab US Dividend Equity ETF by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after purchasing an additional 1,217,005 shares during the period. Avantax Planning Partners Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock valued at $265,893,000 after purchasing an additional 280,277 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Schwab US Dividend Equity ETF by 4.2% in the 2nd quarter. Cetera Investment Advisers now owns 7,104,121 shares of the company’s stock worth $188,259,000 after purchasing an additional 285,560 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.4%

Schwab US Dividend Equity ETF stock opened at $31.51 on Thursday. The firm has a market cap of $82.88 billion, a P/E ratio of 14.57 and a beta of 0.77. The business has a fifty day moving average of $29.43 and a two-hundred day moving average of $28.03. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $31.88.

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.