Sumitomo Mitsui Financial Group Inc. Trims Stake in Schwab US Dividend Equity ETF $SCHD

Sumitomo Mitsui Financial Group Inc. lessened its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 20.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 142,223 shares of the company’s stock after selling 37,400 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $3,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Schwab US Dividend Equity ETF by 404.6% during the fourth quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after buying an additional 84,262 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake 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 acquiring an additional 51,696 shares in the last quarter. Bison Wealth LLC grew 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 valued at $12,059,000 after acquiring an additional 309,400 shares during the period. Norden Group LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at about $205,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 11.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 82,017 shares of the company’s stock valued at $2,293,000 after purchasing an additional 8,606 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.5%

Shares of SCHD stock opened at $27.45 on Thursday. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.62. The business’s 50 day moving average is $27.01 and its two-hundred day moving average is $26.98. The company has a market capitalization of $70.98 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.