Bank of New York Mellon Corp Increases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bank of New York Mellon Corp boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 10.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 815,366 shares of the company’s stock after purchasing an additional 77,461 shares during the period. Bank of New York Mellon Corp’s holdings in Schwab US Dividend Equity ETF were worth $22,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the first quarter worth $27,000. Mountain Hill Investment Partners Corp. purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth $29,000. Summit Securities Group LLC purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at $33,000. Finally, Millstone Evans Group LLC acquired a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $35,000.

Schwab US Dividend Equity ETF Trading Up 0.8%

Shares of NYSEARCA:SCHD opened at $27.14 on Friday. The company has a market capitalization of $70.78 billion, a PE ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The firm has a 50 day simple moving average of $26.63 and a 200-day simple moving average of $26.97.

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.