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

JPMorgan Chase & Co. boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,568,103 shares of the company’s stock after buying an additional 104,855 shares during the period. JPMorgan Chase & Co. owned approximately 0.22% of Schwab US Dividend Equity ETF worth $132,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brass Tax Wealth Management Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 13.2% during the 3rd quarter. Brass Tax Wealth Management Inc. now owns 31,096 shares of the company’s stock valued at $2,629,000 after buying an additional 3,621 shares during the period. Copley Financial Group Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $283,000. Peapack Gladstone Financial Corp lifted its position in shares of Schwab US Dividend Equity ETF by 18.3% during the third quarter. Peapack Gladstone Financial Corp now owns 25,974 shares of the company’s stock worth $2,195,000 after purchasing an additional 4,015 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Schwab US Dividend Equity ETF by 148.1% in the third quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock valued at $3,594,000 after purchasing an additional 25,380 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $163,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $27.32 on Thursday. The company’s fifty day moving average price is $28.42 and its two-hundred day moving average price is $27.70. The firm has a market capitalization of $19.16 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12 month low of $24.97 and a 12 month high of $29.72.

Schwab US Dividend Equity ETF 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.