Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stake Increased by Colonial Trust Co SC

Colonial Trust Co SC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 355.2% during the fourth quarter, HoldingsChannel reports. The fund owned 23,900 shares of the company’s stock after acquiring an additional 18,650 shares during the quarter. Colonial Trust Co SC’s holdings in Schwab US Dividend Equity ETF were worth $651,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after buying an additional 42,218,696 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after acquiring an additional 24,783,386 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $592,939,000. Sumitomo Life Insurance Co. lifted its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after purchasing an additional 17,880,000 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $25.64 on Thursday. The company’s fifty day moving average is $26.60 and its two-hundred day moving average is $27.62. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The stock has a market capitalization of $66.66 billion, a price-to-earnings ratio of 15.01 and a beta of 0.82.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a dividend of $0.2488 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.