Delta Asset Management LLC TN Boosts Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Delta Asset Management LLC TN lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,500 shares of the company’s stock after purchasing an additional 7,000 shares during the period. Delta Asset Management LLC TN’s holdings in Schwab US Dividend Equity ETF were worth $287,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $68,000. Central Pacific Bank Trust Division lifted its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during 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 last quarter. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth $26,000. Finally, PFG Private Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after buying an additional 686 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.1 %

Shares of Schwab US Dividend Equity ETF stock opened at $27.80 on Thursday. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The company has a 50 day moving average price of $27.98 and a 200 day moving average price of $28.13. The firm has a market capitalization of $68.94 billion, a P/E ratio of 17.56 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be issued a $0.2488 dividend. The ex-dividend date of this dividend is Wednesday, March 26th.

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.