Schwab US Dividend Equity ETF $SCHD is Charles Schwab Trust Bank’s Largest Position

Charles Schwab Trust Bank boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 23.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,498,231 shares of the company’s stock after buying an additional 480,472 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 100.0% of Charles Schwab Trust Bank’s investment portfolio, making the stock its largest position. Charles Schwab Trust Bank’s holdings in Schwab US Dividend Equity ETF were worth $68,526,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Asset Allocation Strategies LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 1.9% during the fourth quarter. Asset Allocation Strategies LLC now owns 671,752 shares of the company’s stock valued at $18,426,000 after purchasing an additional 12,537 shares during the period. Tudor Financial Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 2.8% during the fourth quarter. Tudor Financial Inc. now owns 258,144 shares of the company’s stock valued at $7,081,000 after purchasing an additional 7,116 shares during the period. Summit Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 3.7% during the fourth quarter. Summit Financial LLC now owns 499,464 shares of the company’s stock valued at $13,700,000 after purchasing an additional 17,763 shares during the period. Investment Counsel Co. of Nevada purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at $38,000. Finally, Livet Wealth LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at $8,076,000.

Schwab US Dividend Equity ETF Trading Up 0.9%

Shares of SCHD opened at $32.82 on Friday. The firm has a market capitalization of $93.17 billion, a P/E ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 12-month low of $26.16 and a 12-month high of $32.92. The firm has a fifty day moving average price of $31.68 and a 200-day moving average price of $30.24.

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.