Fifth Third Bancorp Purchases 22,638 Shares of Schwab US Dividend Equity ETF $SCHD

Fifth Third Bancorp grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,786,639 shares of the company’s stock after purchasing an additional 22,638 shares during the quarter. Fifth Third Bancorp’s holdings in Schwab US Dividend Equity ETF were worth $90,649,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SCHD. Rakuten Investment Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 7.5% in the 3rd quarter. Rakuten Investment Management Inc. now owns 50,684,634 shares of the company’s stock valued at $1,664,990,000 after acquiring an additional 3,545,800 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Schwab US Dividend Equity ETF by 2.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after buying an additional 354,983 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth about $337,510,000. Cassaday & Co Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF by 3.5% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after buying an additional 324,778 shares during the period. Finally, Royal Bank of Canada grew its holdings in Schwab US Dividend Equity ETF by 8.3% in the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after buying an additional 660,876 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $35.93 on Friday. The stock has a market capitalization of $122.26 billion, a PE ratio of 19.09 and a beta of 0.66. The company’s 50 day simple moving average is $34.27 and its 200 day simple moving average is $32.63. Schwab US Dividend Equity ETF has a 1 year low of $26.60 and a 1 year high of $36.38.

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.