Orion Portfolio Solutions LLC Has $7.26 Million Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Orion Portfolio Solutions LLC lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 165.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 265,572 shares of the company’s stock after acquiring an additional 165,485 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,255,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Frazier Financial Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 2,780.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 1,440 shares of the company’s stock worth $39,000 after buying an additional 1,390 shares in the last quarter. Weik Capital Management boosted its position in Schwab US Dividend Equity ETF by 205.1% during the fourth quarter. Weik Capital Management now owns 22,335 shares of the company’s stock valued at $610,000 after purchasing an additional 15,015 shares during the last quarter. Blair William & Co. IL grew its stake in Schwab US Dividend Equity ETF by 260.1% in the fourth quarter. Blair William & Co. IL now owns 1,417,933 shares of the company’s stock valued at $38,738,000 after purchasing an additional 1,024,150 shares in the last quarter. Delta Asset Management LLC TN increased its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Delta Asset Management LLC TN now owns 10,500 shares of the company’s stock worth $287,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Howe & Rusling Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 202.8% during the 4th quarter. Howe & Rusling Inc. now owns 15,285 shares of the company’s stock worth $418,000 after purchasing an additional 10,237 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $27.58 on Friday. The business has a 50 day simple moving average of $27.97 and a 200 day simple moving average of $28.13. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The stock has a market cap of $69.50 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be given 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.