Morton Community Bank Buys 394,994 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Morton Community Bank lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 207.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 585,523 shares of the company’s stock after purchasing an additional 394,994 shares during the quarter. Schwab US Dividend Equity ETF accounts for 4.2% of Morton Community Bank’s portfolio, making the stock its 2nd largest position. Morton Community Bank’s holdings in Schwab US Dividend Equity ETF were worth $15,996,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SCHD. Raymond James Financial Inc. purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $592,939,000. Sumitomo Life Insurance Co. increased its stake in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after buying an additional 17,880,000 shares during the period. Wealthspire Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 195.8% during the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after buying an additional 10,024,156 shares during the period. Orgel Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 159.8% during the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after buying an additional 6,804,908 shares during the period. Finally, Cassaday & Co Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 210.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock valued at $157,252,000 after purchasing an additional 3,900,238 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.4 %

Shares of NYSEARCA:SCHD opened at $28.46 on Monday. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The company’s 50 day moving average is $27.85 and its two-hundred day moving average is $28.13. The company has a market cap of $69.73 billion, a PE ratio of 17.56 and a beta of 0.88.

About Schwab US Dividend Equity ETF

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.