Cullen Frost Bankers Inc. Has $112.31 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cullen Frost Bankers Inc. boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,111,044 shares of the company’s stock after purchasing an additional 2,735,299 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 1.5% of Cullen Frost Bankers Inc.’s portfolio, making the stock its 12th biggest position. Cullen Frost Bankers Inc. owned about 0.59% of Schwab US Dividend Equity ETF worth $112,314,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SCHD. QRG Capital Management Inc. boosted its position in Schwab US Dividend Equity ETF by 5.3% during the third quarter. QRG Capital Management Inc. now owns 15,402 shares of the company’s stock valued at $1,302,000 after purchasing an additional 772 shares during the last quarter. NorthRock Partners LLC raised its holdings in Schwab US Dividend Equity ETF by 174.2% during the third quarter. NorthRock Partners LLC now owns 8,468 shares of the company’s stock valued at $716,000 after buying an additional 5,380 shares in the last quarter. Beacon Financial Advisory LLC bought a new position in Schwab US Dividend Equity ETF during the third quarter valued at about $282,000. Benchmark Financial Wealth Advisors LLC raised its holdings in Schwab US Dividend Equity ETF by 6.7% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 101,324 shares of the company’s stock valued at $8,565,000 after buying an additional 6,386 shares in the last quarter. Finally, White Lighthouse Investment Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 1.2% during the third quarter. White Lighthouse Investment Management Inc. now owns 42,706 shares of the company’s stock valued at $3,610,000 after buying an additional 494 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $28.05 on Thursday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The stock’s 50-day moving average is $27.82 and its two-hundred day moving average is $28.12. The firm has a market cap of $68.72 billion, a P/E ratio of 17.48 and a beta of 0.88.

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.