Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Sunburst Financial Group LLC’s Largest Position

Sunburst Financial Group LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 452,616 shares of the company’s stock after purchasing an additional 11,180 shares during the period. Schwab US Dividend Equity ETF comprises approximately 11.5% of Sunburst Financial Group LLC’s holdings, making the stock its biggest holding. Sunburst Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $32,869,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 104,751.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock worth $3,977,523,000 after acquiring an additional 52,604,309 shares during the last quarter. Cowa LLC lifted its stake in Schwab US Dividend Equity ETF by 6,644.7% during the first quarter. Cowa LLC now owns 6,270,318 shares of the company’s stock worth $6,059,000 after purchasing an additional 6,177,351 shares during the last quarter. CI Private Wealth LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $135,502,000. Wells Fargo & Company MN increased its position in shares of Schwab US Dividend Equity ETF by 50.8% during the 4th quarter. Wells Fargo & Company MN now owns 3,992,329 shares of the company’s stock valued at $301,581,000 after purchasing an additional 1,344,161 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 14.3% during the 1st quarter. Ameriprise Financial Inc. now owns 9,805,935 shares of the company’s stock valued at $715,915,000 after buying an additional 1,228,836 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD traded up $0.17 during midday trading on Monday, hitting $73.80. The stock had a trading volume of 1,233,070 shares, compared to its average volume of 3,127,714. The company has a market cap of $48.58 billion, a P/E ratio of 14.38 and a beta of 0.88. Schwab US Dividend Equity ETF has a 1 year low of $65.96 and a 1 year high of $79.49. The business has a fifty day moving average of $74.12 and a 200 day moving average of $72.67.

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.