Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Boosted by Studio Investment Management LLC

Studio Investment Management LLC increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 211.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,662 shares of the company’s stock after purchasing an additional 6,564 shares during the period. Studio Investment Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $26,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the period. PFG Private Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% in 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. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after buying an additional 777 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $29,000.

Schwab US Dividend Equity ETF Stock Up 0.7%

SCHD opened at $26.60 on Friday. The company’s 50-day moving average price is $26.32 and its 200 day moving average price is $27.52. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The firm has a market cap of $69.16 billion, a price-to-earnings ratio of 15.01 and a beta of 0.82.

Schwab US Dividend Equity ETF Cuts Dividend

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

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.