NorthCrest Asset Manangement LLC Acquires 6,074 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

NorthCrest Asset Manangement LLC boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,256 shares of the company’s stock after buying an additional 6,074 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,349,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE grew its position in Schwab US Dividend Equity ETF by 569.6% in the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after purchasing an additional 42,218,696 shares during the last quarter. LPL Financial LLC grew its position in Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after purchasing an additional 24,783,386 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth $592,939,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 208.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after acquiring an additional 13,264,762 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $26.90 on Friday. The company has a 50-day moving average of $25.95 and a 200-day moving average of $27.17. The company has a market capitalization of $69.94 billion, a price-to-earnings ratio of 15.93 and a beta of 0.82. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72.

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.