Webster Bank N. A. Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Webster Bank N. A. raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,770 shares of the company’s stock after acquiring an additional 23,180 shares during the quarter. Webster Bank N. A.’s holdings in Schwab US Dividend Equity ETF were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Schwab US Dividend Equity ETF by 7.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after purchasing an additional 104,855 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after acquiring an additional 6,502 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $163,000. Synovus Financial Corp grew its stake in Schwab US Dividend Equity ETF by 148.1% during the third quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock valued at $3,594,000 after acquiring an additional 25,380 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its stake in Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after purchasing an additional 428 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $28.07 on Monday. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a one year low of $25.16 and a one year high of $29.72. The firm has a fifty day moving average price of $28.10 and a two-hundred day moving average price of $27.92.

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.