Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Lifted by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 120.0% in the fourth quarter, HoldingsChannel reports. The firm owned 180,000 shares of the company’s stock after buying an additional 98,200 shares during the period. Schwab US Dividend Equity ETF makes up approximately 1.9% of Metropolitan Life Insurance Co NY’s investment portfolio, making the stock its 8th largest position. Metropolitan Life Insurance Co NY’s holdings in Schwab US Dividend Equity ETF were worth $4,918,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at about $26,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares in the last quarter. PFG Private Wealth Management LLC grew its stake 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 acquiring an additional 686 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC increased its stake in Schwab US Dividend Equity ETF by 294.3% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after purchasing an additional 777 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $25.42 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The firm has a market capitalization of $65.58 billion, a price-to-earnings ratio of 15.04 and a beta of 0.83. The business has a fifty day moving average of $27.23 and a 200 day moving average of $27.87.

Schwab US Dividend Equity ETF Cuts Dividend

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

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.