Gunma Bank Ltd. Boosts Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Gunma Bank Ltd. raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 38.3% in the first quarter, Holdings Channel reports. The institutional investor owned 325,000 shares of the company’s stock after buying an additional 90,000 shares during the quarter. Schwab US Dividend Equity ETF comprises about 2.9% of Gunma Bank Ltd.’s portfolio, making the stock its 12th biggest position. Gunma Bank Ltd.’s holdings in Schwab US Dividend Equity ETF were worth $9,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SCHD. Bank of America Corp DE grew its holdings in shares of Schwab US Dividend Equity ETF by 569.6% during the fourth 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 in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 208.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after purchasing an additional 13,264,762 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 202.3% during the fourth quarter. Ameriprise Financial Inc. now owns 17,426,545 shares of the company’s stock worth $475,816,000 after purchasing an additional 11,661,011 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Schwab US Dividend Equity ETF by 212.9% during the fourth quarter. Wells Fargo & Company MN now owns 12,294,235 shares of the company’s stock worth $335,879,000 after purchasing an additional 8,364,559 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 216.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,471,870 shares of the company’s stock worth $313,411,000 after purchasing an additional 7,842,532 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.1%

Shares of NYSEARCA SCHD opened at $27.17 on Wednesday. The business has a 50-day moving average of $26.77 and a 200-day moving average of $26.97. The firm has a market capitalization of $70.95 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72.

About Schwab US Dividend Equity ETF

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.