Sumitomo Mitsui Financial Group Inc. Purchases 114,229 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 234.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 162,888 shares of the company’s stock after purchasing an additional 114,229 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $4,450,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $68,000. Central Pacific Bank Trust Division raised its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $26,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 5.4 %

SCHD opened at $25.28 on Monday. Schwab US Dividend Equity ETF has a 12-month low of $24.49 and a 12-month high of $29.72. The firm has a 50 day moving average of $27.88 and a two-hundred day moving average of $28.11. The firm has a market capitalization of $63.71 billion, a PE ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued 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.