Creekmur Asset Management LLC Buys 608,390 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Creekmur Asset Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 208.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900,926 shares of the company’s stock after acquiring an additional 608,390 shares during the quarter. Schwab US Dividend Equity ETF accounts for 5.6% of Creekmur Asset Management LLC’s portfolio, making the stock its 5th largest position. Creekmur Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $24,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in Schwab US Dividend Equity ETF by 11.5% in the third quarter. Bank of Montreal Can now owns 33,878 shares of the company’s stock worth $2,855,000 after purchasing an additional 3,503 shares in the last quarter. FMR LLC lifted its position in Schwab US Dividend Equity ETF by 39.3% during the 3rd quarter. FMR LLC now owns 127,966 shares of the company’s stock worth $10,817,000 after buying an additional 36,115 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Schwab US Dividend Equity ETF by 79.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,587 shares of the company’s stock worth $472,000 after acquiring an additional 2,465 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 123,393 shares of the company’s stock valued at $10,419,000 after acquiring an additional 3,618 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $9,599,000.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $27.87 on Wednesday. The company’s 50 day simple moving average is $27.96 and its 200-day simple moving average is $28.14. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The stock has a market capitalization of $70.23 billion, a P/E ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued a $0.2488 dividend. The ex-dividend date was Wednesday, March 26th.

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.