Matrix Trust Co Has $15.26 Million Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Matrix Trust Co boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 192.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 558,669 shares of the company’s stock after buying an additional 367,776 shares during the period. Schwab US Dividend Equity ETF comprises 2.7% of Matrix Trust Co’s portfolio, making the stock its 13th largest holding. Matrix Trust Co’s holdings in Schwab US Dividend Equity ETF were worth $15,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aprio Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 203.1% in the fourth quarter. Aprio Wealth Management LLC now owns 88,383 shares of the company’s stock valued at $2,415,000 after acquiring an additional 59,223 shares during the period. West Oak Capital LLC grew its stake in shares of Schwab US Dividend Equity ETF by 130.3% in the 4th quarter. West Oak Capital LLC now owns 54,323 shares of the company’s stock valued at $1,484,000 after purchasing an additional 30,733 shares during the period. RMR Wealth Builders grew its position in Schwab US Dividend Equity ETF by 250.7% in the fourth quarter. RMR Wealth Builders now owns 14,640 shares of the company’s stock valued at $400,000 after acquiring an additional 10,466 shares during the period. Lynch & Associates IN raised its stake in Schwab US Dividend Equity ETF by 225.2% during the fourth quarter. Lynch & Associates IN now owns 142,063 shares of the company’s stock worth $3,881,000 after acquiring an additional 98,381 shares in the last quarter. Finally, Trinity Financial Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 223.2% during the fourth quarter. Trinity Financial Advisors LLC now owns 445,494 shares of the company’s stock valued at $12,144,000 after acquiring an additional 307,657 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $27.01 on Monday. The firm has a market cap of $18.95 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The firm’s 50-day simple moving average is $28.29 and its 200-day simple moving average is $27.77. Schwab US Dividend Equity ETF has a twelve month low of $24.97 and a twelve month high of $29.72.

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.