Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Charles Schwab Trust Bank’s Largest Position

Charles Schwab Trust Bank increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 143.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,955,650 shares of the company’s stock after acquiring an additional 2,329,341 shares during the quarter. Schwab US Dividend Equity ETF makes up about 100.0% of Charles Schwab Trust Bank’s portfolio, making the stock its biggest holding. Charles Schwab Trust Bank owned 0.16% of Schwab US Dividend Equity ETF worth $108,068,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after buying an additional 650 shares in the last quarter. PFG Private Wealth Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after buying an additional 686 shares in the last quarter. Morton Brown Family Wealth LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 1,152 shares of the company’s stock worth $31,000 after buying an additional 768 shares in the last quarter. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after buying an additional 777 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,176 shares of the company’s stock worth $32,000 after buying an additional 784 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.3%

Schwab US Dividend Equity ETF stock opened at $25.89 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The firm has a market capitalization of $67.31 billion, a price-to-earnings ratio of 15.01 and a beta of 0.82. The company has a fifty day simple moving average of $26.18 and a 200-day simple moving average of $27.45.

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.