Davidson Trust Co. Raises Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Davidson Trust Co. grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 212.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,028 shares of the company’s stock after buying an additional 47,589 shares during the period. Schwab US Dividend Equity ETF accounts for 1.0% of Davidson Trust Co.’s portfolio, making the stock its 26th biggest holding. Davidson Trust Co.’s holdings in Schwab US Dividend Equity ETF were worth $1,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division increased its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after buying an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $26,000. IFS Advisors LLC raised its stake in 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 valued at $29,000 after purchasing an additional 699 shares during the period. Kennebec Savings Bank purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $31,000. Finally, Olistico Wealth LLC boosted its stake in 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 purchasing an additional 748 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of 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 company has a 50 day simple moving average of $27.72 and a two-hundred day simple moving average of $28.00. The firm has a market cap 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.