CRA Financial Services LLC Buys 722,156 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

CRA Financial Services LLC grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 208.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,068,635 shares of the company’s stock after purchasing an additional 722,156 shares during the period. Schwab US Dividend Equity ETF makes up about 5.0% of CRA Financial Services LLC’s holdings, making the stock its 3rd largest holding. CRA Financial Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $29,195,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SCHD. Central Pacific Bank Trust Division raised its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP acquired a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at $26,000. IFS Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares during the period. Kennebec Savings Bank purchased a new position in Schwab US Dividend Equity ETF during the third quarter worth approximately $31,000. Finally, Olistico Wealth LLC raised its position in shares of Schwab US Dividend Equity ETF by 202.2% in the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after buying an additional 748 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $27.79 on Tuesday. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The stock has a 50-day simple moving average of $27.72 and a 200-day simple moving average of $28.00. The stock has a market capitalization of $68.09 billion, a P/E ratio of 17.48 and a beta of 0.88.

About Schwab US Dividend Equity ETF

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.