Davidson Trust Co. Increases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Davidson Trust Co. increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 40.9% in the 4th quarter, HoldingsChannel reports. The firm owned 23,491 shares of the company’s stock after purchasing an additional 6,820 shares during the period. Schwab US Dividend Equity ETF comprises approximately 1.2% of Davidson Trust Co.’s holdings, making the stock its 24th largest position. Davidson Trust Co.’s holdings in Schwab US Dividend Equity ETF were worth $1,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its holdings in Schwab US Dividend Equity ETF by 104,751.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock valued at $3,977,523,000 after buying an additional 52,604,309 shares in the last quarter. Cowa LLC increased its holdings in Schwab US Dividend Equity ETF by 6,644.7% in the first quarter. Cowa LLC now owns 6,270,318 shares of the company’s stock valued at $6,059,000 after buying an additional 6,177,351 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $228,390,000. Royal Bank of Canada increased its holdings in Schwab US Dividend Equity ETF by 102.3% in the second quarter. Royal Bank of Canada now owns 3,829,139 shares of the company’s stock valued at $278,073,000 after buying an additional 1,935,958 shares in the last quarter. Finally, CI Private Wealth LLC purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at about $135,502,000.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock traded up $0.68 during mid-day trading on Friday, reaching $76.49. The company had a trading volume of 1,506,829 shares, compared to its average volume of 3,645,230. The stock’s 50-day simple moving average is $78.22 and its 200-day simple moving average is $74.87. The company has a market capitalization of $53.60 billion, a P/E ratio of 15.00 and a beta of 0.79. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $80.82.

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.