Schwab US Dividend Equity ETF $SCHD Shares Sold by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. lowered its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 110,850 shares of the company’s stock after selling 16,241 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $3,041,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SCHD. 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 worth $2,871,000 after purchasing an additional 84,262 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Schwab US Dividend Equity ETF by 206.9% during the 4th 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 position in shares of Schwab US Dividend Equity ETF by 234.4% during the 4th quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after purchasing an additional 309,400 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 35.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock worth $16,579,000 after purchasing an additional 155,769 shares during the period. Finally, United Bank boosted its position in shares of Schwab US Dividend Equity ETF by 5.0% during the 2nd quarter. United Bank now owns 195,713 shares of the company’s stock worth $5,186,000 after purchasing an additional 9,351 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $32.53 on Friday. The stock has a market capitalization of $92.34 billion, a P/E ratio of 14.57 and a beta of 0.67. The company has a 50 day moving average price of $31.64 and a 200 day moving average price of $30.22. Schwab US Dividend Equity ETF has a fifty-two week low of $26.16 and a fifty-two week high of $32.91.

More Schwab US Dividend Equity ETF News

Here are the key news stories impacting Schwab US Dividend Equity ETF this week:

• Positive Sentiment: Multiple articles argued that SCHD remains a “gold standard” among dividend ETFs, emphasizing its quality screen, stronger performance, and lower risk than higher-yield alternatives. SCHD Vs. PFFA: Ditching The Yield Trap For Schwab’s Gold Standard
• Positive Sentiment: Coverage showing that a $1 million investment in SCHD in 2016 grew to about $2.3 million while also producing substantial dividend income may attract more income-focused investors. Retiring? Buy SCHD. $1m into 2.3m since 2016, $53K/y in dividends. No Reinvestments.
• Positive Sentiment: Another recent piece said SCHD is a good time to buy, noting the ETF has held up relatively well even as broader markets weakened and that it remains near its year-to-date high. SCHD stock: Why it is a good time to buy this dividend ETF
• Neutral Sentiment: Several comparison articles discussed SCHD favorably against VYM and HDV, but these were mainly relative-value debates rather than new fund-specific catalysts. SCHD vs. VYM: Which Dividend ETF Builds a Better Income Stream? HDV: Less Stable Than SCHD With No Dividend Or Quality Advantage
• Negative Sentiment: One Seeking Alpha article argued that dividend ETFs like SCHD still face valuation, earnings, and sector-concentration risk, suggesting the fund is not as defensive as many investors assume. Why The ETF With The Worst Sharpe Ratio Is Our Top Pick

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.