TIAA Trust National Association Boosts Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

TIAA Trust National Association raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 256.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,479 shares of the company’s stock after acquiring an additional 44,934 shares during the quarter. TIAA Trust National Association’s holdings in Schwab US Dividend Equity ETF were worth $1,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SCHD. Legacy Investment Solutions LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $34,000. Anchor Investment Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 1.1% during the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after purchasing an additional 428 shares during the last quarter. Bernardo Wealth Planning LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock valued at $366,000 after purchasing an additional 498 shares during the period. CreativeOne Wealth LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 1.8% in the third quarter. CreativeOne Wealth LLC now owns 30,496 shares of the company’s stock worth $2,578,000 after purchasing an additional 529 shares during the last quarter. Finally, 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 during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $27.80 on Thursday. The firm has a market capitalization of $68.94 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The company has a 50-day moving average of $27.98 and a 200 day moving average of $28.13. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be issued a $0.2488 dividend. The ex-dividend date of this dividend is 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.