Cullen Frost Bankers Inc. Has $83.10 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cullen Frost Bankers Inc. raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,091,528 shares of the company’s stock after buying an additional 141,030 shares during the period. Schwab US Dividend Equity ETF comprises about 1.3% of Cullen Frost Bankers Inc.’s holdings, making the stock its 12th largest position. Cullen Frost Bankers Inc. owned approximately 0.17% of Schwab US Dividend Equity ETF worth $83,098,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SCHD. Sumitomo Life Insurance Co. purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter worth $228,390,000. International Assets Investment Management LLC bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth about $89,561,000. LPL Financial LLC increased its stake in Schwab US Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after buying an additional 503,970 shares during the last quarter. DDD Partners LLC lifted its position in shares of Schwab US Dividend Equity ETF by 12,161.9% during the 4th quarter. DDD Partners LLC now owns 488,148 shares of the company’s stock worth $37,163,000 after buying an additional 484,167 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 34.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,874,088 shares of the company’s stock worth $132,545,000 after buying an additional 476,951 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.1 %

Shares of SCHD traded up $0.11 on Tuesday, reaching $78.24. 3,024,198 shares of the company’s stock traded hands, compared to its average volume of 3,562,910. The stock’s 50 day simple moving average is $78.33 and its two-hundred day simple moving average is $75.61. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $80.82. The stock has a market cap of $54.73 billion, a PE ratio of 14.82 and a beta of 0.77.

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.