Idaho Trust Bank Takes $211,000 Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Idaho Trust Bank purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,718 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds also recently modified their holdings of the company. Sumitomo Life Insurance Co. increased its stake in shares of Schwab US Dividend Equity ETF by 110.7% in the 1st quarter. Sumitomo Life Insurance Co. now owns 6,320,000 shares of the company’s stock valued at $471,352,000 after acquiring an additional 3,320,000 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 5,259.9% in the second quarter. Strategic Financial Concepts LLC now owns 3,114,560 shares of the company’s stock valued at $242,188,000 after purchasing an additional 3,056,451 shares during the last quarter. Charles Schwab Trust Bank bought a new stake in shares of Schwab US Dividend Equity ETF in the first quarter worth $146,782,000. Focus Financial Network Inc. ADV acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter worth $95,831,000. Finally, Diversified LLC grew its position in Schwab US Dividend Equity ETF by 493.3% in the first quarter. Diversified LLC now owns 1,128,581 shares of the company’s stock valued at $90,997,000 after purchasing an additional 938,356 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $82.54 on Thursday. The company’s 50-day moving average price is $81.33 and its two-hundred day moving average price is $79.33. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $84.57. The stock has a market capitalization of $57.90 billion, a PE ratio of 15.04 and a beta of 0.74.

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.