Investor s Fiduciary Advisor Network LLC Invests $12.91 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 472,547 shares of the company’s stock, valued at approximately $12,909,000. Schwab US Dividend Equity ETF comprises about 4.9% of Investor s Fiduciary Advisor Network LLC’s portfolio, making the stock its 3rd biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Schwab US Dividend Equity ETF by 569.6% during the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock worth $1,355,913,000 after buying an additional 42,218,696 shares during the last quarter. LPL Financial LLC lifted its stake in Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after purchasing an additional 24,783,386 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after purchasing an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. increased its stake in Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $592,939,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $25.73 on Friday. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The company has a 50-day simple moving average of $26.50 and a 200-day simple moving average of $27.58. The firm has a market capitalization of $66.90 billion, a PE ratio of 15.01 and a beta of 0.82.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.2488 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.