Pathstone Holdings LLC Purchases 647,902 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pathstone Holdings LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 217.6% in the fourth quarter, Holdings Channel reports. The fund owned 945,642 shares of the company’s stock after buying an additional 647,902 shares during the quarter. Pathstone Holdings LLC’s holdings in Schwab US Dividend Equity ETF were worth $25,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its position in Schwab US Dividend Equity ETF by 569.6% in the fourth 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 position 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 worth $992,120,000 after buying an additional 24,783,386 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth $592,939,000. Sumitomo Life Insurance Co. lifted its position 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 buying an additional 17,880,000 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $26.00 on Thursday. The company has a market cap of $67.60 billion, a P/E ratio of 15.01 and a beta of 0.82. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The firm has a 50-day simple moving average of $26.39 and a two-hundred day simple moving average of $27.55.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a $0.2488 dividend. 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.