Sandy Spring Bank Has $2.92 Million Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sandy Spring Bank lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 213.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,867 shares of the company’s stock after buying an additional 72,724 shares during the period. Sandy Spring Bank’s holdings in Schwab US Dividend Equity ETF were worth $2,920,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $34,000. Hobbs Group Advisors LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $68,000. Prospera Private Wealth LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $73,000. Central Pacific Bank Trust Division raised its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the period. Finally, Hoese & Co LLP bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $26,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.95 on Friday. The firm’s 50-day moving average is $27.94 and its 200-day moving average is $28.13. The stock has a market cap of $69.32 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72.

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.