Cullen Frost Bankers Inc. Has $50.67 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

Cullen Frost Bankers Inc. lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 38.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,847,216 shares of the company’s stock after selling 1,135,782 shares during the period. Cullen Frost Bankers Inc.’s holdings in Schwab US Dividend Equity ETF were worth $50,669,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. increased its position in shares of Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares during the period. Merrithew & Thorsten Inc bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $25,000. Biltmore Family Office LLC grew its position in Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after acquiring an additional 524 shares during the last quarter. Field & Main Bank bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $29,000. Finally, Dynamic Wealth Strategies LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000.

Schwab US Dividend Equity ETF Trading Up 0.2%

NYSEARCA:SCHD opened at $32.10 on Wednesday. The stock has a market cap of $91.12 billion, a P/E ratio of 14.57 and a beta of 0.68. The stock’s 50-day moving average is $31.04 and its 200-day moving average is $29.55. Schwab US Dividend Equity ETF has a 1-year low of $25.69 and a 1-year high of $32.19.

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.