Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stake Boosted by Matrix Trust Co

Matrix Trust Co grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.6% during the 4th quarter, HoldingsChannel reports. The fund owned 216,357 shares of the company’s stock after acquiring an additional 17,162 shares during the period. Schwab US Dividend Equity ETF accounts for 3.9% of Matrix Trust Co’s holdings, making the stock its 8th biggest position. Matrix Trust Co’s holdings in Schwab US Dividend Equity ETF were worth $16,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 4.7% during the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after acquiring an additional 503,970 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 3.7% during the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after acquiring an additional 266,516 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 2.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock valued at $408,896,000 after acquiring an additional 145,168 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 1.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,188,556 shares of the company’s stock valued at $367,142,000 after acquiring an additional 96,234 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 8.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,422,807 shares of the company’s stock valued at $312,958,000 after purchasing an additional 348,710 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock traded down $0.08 on Friday, hitting $77.48. The company’s stock had a trading volume of 2,394,771 shares, compared to its average volume of 3,622,651. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The firm’s fifty day moving average price is $78.31 and its 200-day moving average price is $75.19. The stock has a market capitalization of $54.20 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77.

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.