Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stake Raised by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,820,000 shares of the company’s stock after purchasing an additional 17,880,000 shares during the period. Schwab US Dividend Equity ETF comprises about 13.8% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 2nd largest holding. Sumitomo Life Insurance Co. owned 3.82% of Schwab US Dividend Equity ETF worth $732,722,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Colorado Capital Management Inc. raised its position in shares of Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock worth $980,000 after purchasing an additional 121 shares during the last quarter. Ascent Group LLC lifted its position in shares of Schwab US Dividend Equity ETF by 1.2% in the second quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock valued at $940,000 after acquiring an additional 145 shares in the last quarter. Sunflower Bank N.A. boosted its stake in shares of Schwab US Dividend Equity ETF by 4.2% in the third quarter. Sunflower Bank N.A. now owns 4,542 shares of the company’s stock worth $384,000 after acquiring an additional 185 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 12.5% in the third quarter. Sound Income Strategies LLC now owns 1,720 shares of the company’s stock worth $145,000 after acquiring an additional 191 shares during the last quarter. Finally, waypoint wealth counsel increased its position in shares of Schwab US Dividend Equity ETF by 0.9% during the third quarter. waypoint wealth counsel now owns 24,844 shares of the company’s stock worth $2,100,000 after purchasing an additional 215 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $28.07 on Wednesday. Schwab US Dividend Equity ETF has a one year low of $25.16 and a one year high of $29.72. The stock has a market cap of $19.69 billion, a PE ratio of 15.04 and a beta of 0.74. The stock has a 50 day moving average price of $28.08 and a 200 day moving average price of $27.94.

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.