Friday Financial Boosts Stake in Schwab US Dividend Equity ETF $SCHD

Friday Financial lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 325,574 shares of the company’s stock after acquiring an additional 51,278 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 3.1% of Friday Financial’s investment portfolio, making the stock its 11th biggest position. Friday Financial’s holdings in Schwab US Dividend Equity ETF were worth $8,930,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Rakuten Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $1,127,144,000. Sumitomo Life Insurance Co. purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $847,665,000. Cibc World Market Inc. increased its holdings in Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after purchasing an additional 3,777,339 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Schwab US Dividend Equity ETF by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after purchasing an additional 1,217,005 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $32,308,000.

Schwab US Dividend Equity ETF Trading Up 0.5%

Schwab US Dividend Equity ETF stock opened at $30.54 on Tuesday. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $31.95. The stock has a market cap of $80.33 billion, a P/E ratio of 14.57 and a beta of 0.77. The stock has a 50 day moving average of $30.61 and a 200-day moving average of $28.47.

Schwab US Dividend Equity ETF Company 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.