Assetmark Inc. Grows Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Assetmark Inc. boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,210,155 shares of the company’s stock after buying an additional 805,131 shares during the quarter. Assetmark Inc. owned approximately 0.17% of Schwab US Dividend Equity ETF worth $33,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake 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 worth $132,552,000 after acquiring an additional 104,855 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 6,502 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $163,000. Tenon Financial LLC grew its stake in shares of 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 period. Finally, Summit Wealth & Retirement Planning Inc. grew its stake in shares of 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 period.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $28.05 on Thursday. The company has a market capitalization of $68.72 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The stock has a fifty day moving average of $27.82 and a 200-day moving average of $28.12.

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.