Sumitomo Mitsui Trust Group Inc. Boosts Holdings in Schwab US Dividend Equity ETF $SCHD

Sumitomo Mitsui Trust Group Inc. raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 40.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 298,000 shares of the company’s stock after buying an additional 86,400 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $8,174,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SCHD. Rakuten Investment Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. acquired a new stake in Schwab US Dividend Equity ETF in the third quarter valued at about $847,665,000. Cibc World Market Inc. boosted its holdings in Schwab US Dividend Equity ETF by 243.5% in the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after purchasing an additional 3,777,339 shares in the last quarter. Lido Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $32,308,000. Finally, Argent Capital Management LLC acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,815,000.

Schwab US Dividend Equity ETF Trading Up 0.8%

Shares of SCHD stock opened at $31.05 on Friday. The company has a market cap of $87.22 billion, a price-to-earnings ratio of 14.57 and a beta of 0.70. The stock has a 50 day simple moving average of $31.03 and a 200-day simple moving average of $28.89. Schwab US Dividend Equity ETF has a 12-month low of $24.76 and a 12-month high of $31.95.

Schwab US Dividend Equity ETF Company 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.