Bank of New York Mellon Corp Increases Holdings in Schwab US Dividend Equity ETF $SCHD

Bank of New York Mellon Corp boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 42.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,161,943 shares of the company’s stock after purchasing an additional 346,577 shares during the quarter. Bank of New York Mellon Corp’s holdings in Schwab US Dividend Equity ETF were worth $30,791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of Schwab US Dividend Equity ETF by 404.6% during the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after acquiring an additional 84,262 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Schwab US Dividend Equity ETF by 206.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after purchasing an additional 51,696 shares during the period. Bison Wealth LLC boosted its holdings in Schwab US Dividend Equity ETF by 234.4% in the 4th quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after purchasing an additional 309,400 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF in the 1st quarter valued at approximately $384,000. Finally, Bleakley Financial Group LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 13.3% during the 1st quarter. Bleakley Financial Group LLC now owns 21,441 shares of the company’s stock worth $599,000 after buying an additional 2,511 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $27.22 on Friday. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The firm has a market cap of $70.39 billion, a PE ratio of 14.57 and a beta of 0.77. The firm’s 50 day moving average price is $27.09 and its 200-day moving average price is $26.89.

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.