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

JPMorgan Chase & Co. lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 223.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,076,341 shares of the company’s stock after purchasing an additional 3,508,238 shares during the period. JPMorgan Chase & Co.’s holdings in Schwab US Dividend Equity ETF were worth $138,686,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division grew its holdings in shares of 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 acquiring an additional 604 shares during the period. Hoese & Co LLP acquired a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC increased its position in shares of Schwab US Dividend Equity ETF by 294.3% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after buying an additional 777 shares in the last quarter. PFG Private Wealth Management LLC raised its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after buying an additional 686 shares during the last quarter. Finally, IFS Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after buying an additional 699 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.3 %

NYSEARCA:SCHD opened at $27.87 on Wednesday. The company has a market capitalization of $70.23 billion, a P/E ratio of 17.12 and a beta of 0.86. The firm has a 50-day moving average price of $27.96 and a two-hundred day moving average price of $28.14. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

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

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.