Schwab US Dividend Equity ETF $SCHD Stock Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 21.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 723,050 shares of the company’s stock after buying an additional 127,100 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $23,521,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. D.A. Davidson & CO. bought a new stake in Schwab US Dividend Equity ETF in the third quarter valued at $79,998,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at $71,569,000. Brookstone Capital Management acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $71,011,000. Summit Financial Wealth Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $63,803,000. Finally, BOKF NA acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $60,243,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $35.42 on Friday. The firm’s 50-day simple moving average is $34.19 and its 200-day simple moving average is $32.46. Schwab US Dividend Equity ETF has a twelve month low of $26.46 and a twelve month high of $36.38. The firm has a market cap of $120.43 billion, a price-to-earnings ratio of 19.09 and a beta of 0.68.

Schwab US Dividend Equity ETF 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.