Baker Avenue Asset Management LP Has $570,000 Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Baker Avenue Asset Management LP lifted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 192.1% during the fourth quarter, Holdings Channel reports. The fund owned 20,862 shares of the company’s stock after buying an additional 13,720 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Schwab US Dividend Equity ETF were worth $570,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SCHD. Bank of America Corp DE boosted its position in shares of 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 purchasing an additional 42,218,696 shares in the last quarter. LPL Financial LLC grew its stake in Schwab US Dividend Equity ETF by 214.9% in the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after acquiring an additional 24,783,386 shares during the period. Sumitomo Life Insurance Co. increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after acquiring an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of 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 acquiring an additional 17,501,170 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $592,939,000.

Schwab US Dividend Equity ETF Trading Down 1.0 %

NYSEARCA SCHD opened at $25.80 on Tuesday. The company has a fifty day simple moving average of $26.71 and a 200 day simple moving average of $27.65. Schwab US Dividend Equity ETF has a 12-month low of $23.87 and a 12-month high of $29.72. The company has a market cap of $66.56 billion, a P/E ratio of 15.04 and a beta of 0.83.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently announced 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 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.