Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 223.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,076,341 shares of the company’s stock after acquiring an additional 3,508,238 shares during the quarter. JPMorgan Chase & Co. owned about 0.72% of Schwab US Dividend Equity ETF worth $138,686,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Bank of Montreal Can grew its stake in shares of Schwab US Dividend Equity ETF by 11.5% in the 3rd quarter. Bank of Montreal Can now owns 33,878 shares of the company’s stock valued at $2,855,000 after purchasing an additional 3,503 shares during the last quarter. FMR LLC grew its position in Schwab US Dividend Equity ETF by 39.3% in the 3rd quarter. FMR LLC now owns 127,966 shares of the company’s stock valued at $10,817,000 after buying an additional 36,115 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Schwab US Dividend Equity ETF by 79.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,587 shares of the company’s stock valued at $472,000 after buying an additional 2,465 shares during the period. Rockefeller Capital Management L.P. raised its position in Schwab US Dividend Equity ETF by 3.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 123,393 shares of the company’s stock worth $10,419,000 after buying an additional 3,618 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $9,599,000.

Schwab US Dividend Equity ETF Stock Down 0.3 %

Shares of NYSEARCA:SCHD opened at $27.87 on Wednesday. The company has a market cap of $70.23 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The firm’s 50-day simple moving average is $27.96 and its 200-day simple moving average is $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.2488 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.