McCarthy Asset Management Inc. Acquires 580,060 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

McCarthy Asset Management Inc. increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 190.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 885,426 shares of the company’s stock after buying an additional 580,060 shares during the quarter. Schwab US Dividend Equity ETF comprises about 17.1% of McCarthy Asset Management Inc.’s holdings, making the stock its 2nd biggest position. McCarthy Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $24,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of Schwab US Dividend Equity ETF by 569.6% during the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after buying an additional 42,218,696 shares in the last quarter. LPL Financial LLC increased its stake in shares of Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after acquiring an additional 24,783,386 shares during the period. Sumitomo Life Insurance Co. increased its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after acquiring an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. raised its holdings in Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth approximately $592,939,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $26.48 on Wednesday. The stock has a fifty day moving average price of $26.29 and a two-hundred day moving average price of $27.50. The firm has a market cap of $68.85 billion, a P/E ratio of 15.01 and a beta of 0.82. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72.

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.