Cullen Frost Bankers Inc. Sells 1,004,953 Shares of Schwab US Dividend Equity ETF $SCHD

Cullen Frost Bankers Inc. reduced its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 25.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,982,998 shares of the company’s stock after selling 1,004,953 shares during the quarter. Schwab US Dividend Equity ETF makes up about 0.9% of Cullen Frost Bankers Inc.’s holdings, making the stock its 27th biggest holding. Cullen Frost Bankers Inc. owned about 0.12% of Schwab US Dividend Equity ETF worth $81,436,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. MOKAN Wealth Management Inc. boosted its holdings in Schwab US Dividend Equity ETF by 4.9% in the second quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after acquiring an additional 6,985 shares in the last quarter. Advisory Resource Group boosted its stake in shares of Schwab US Dividend Equity ETF by 4.4% during the 2nd quarter. Advisory Resource Group now owns 59,500 shares of the company’s stock valued at $1,577,000 after purchasing an additional 2,520 shares in the last quarter. DMKC Advisory Services LLC increased its position in shares of Schwab US Dividend Equity ETF by 10.6% during the third quarter. DMKC Advisory Services LLC now owns 219,680 shares of the company’s stock valued at $5,997,000 after buying an additional 20,989 shares during the period. Welch Group LLC increased its position in shares of Schwab US Dividend Equity ETF by 44.7% during the second quarter. Welch Group LLC now owns 11,724 shares of the company’s stock valued at $311,000 after buying an additional 3,624 shares during the period. Finally, Insight Inv LLC bought a new position in Schwab US Dividend Equity ETF in the third quarter worth about $682,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $29.14 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.30. The company has a market capitalization of $76.44 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The business’s 50 day moving average price is $27.83 and its two-hundred day moving average price is $27.40.

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.