Sendero Wealth Management LLC Raises Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sendero Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 239.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,260 shares of the company’s stock after acquiring an additional 212,603 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 1.2% of Sendero Wealth Management LLC’s holdings, making the stock its 18th biggest position. Sendero Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SCHD. JPMorgan Chase & Co. increased its holdings in 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 acquiring an additional 104,855 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $163,000. Synovus Financial Corp lifted its stake in Schwab US Dividend Equity ETF by 148.1% in the 3rd quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock valued at $3,594,000 after buying an additional 25,380 shares in the last quarter. Finally, Anchor Investment Management LLC grew its holdings in Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after buying an additional 428 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.1 %

NYSEARCA SCHD opened at $27.82 on Thursday. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a fifty-two week low of $24.97 and a fifty-two week high of $29.72. The business has a fifty day moving average of $28.23 and a 200-day moving average of $27.79.

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.