Bellevue Asset Management LLC Purchases 22,974 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bellevue Asset Management LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 229.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 32,970 shares of the company’s stock after acquiring an additional 22,974 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 0.5% of Bellevue Asset Management LLC’s holdings, making the stock its 29th largest holding. Bellevue Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $901,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of 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 valued at $132,552,000 after purchasing an additional 104,855 shares during the last quarter. GAMMA Investing LLC grew its position in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock worth $266,000 after acquiring an additional 6,502 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $163,000. Tenon Financial LLC grew its position in Schwab US Dividend Equity ETF by 200.1% during the 4th quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock worth $412,000 after acquiring an additional 10,082 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. grew its position in Schwab US Dividend Equity ETF by 195.0% during the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after acquiring an additional 17,305 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $28.05 on Thursday. The stock’s 50 day simple moving average is $27.82 and its 200 day simple moving average is $28.12. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The firm has a market cap of $68.72 billion, a price-to-earnings ratio of 17.48 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.