Synovus Financial Corp Purchases 45,869 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Synovus Financial Corp raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 107.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 88,386 shares of the company’s stock after buying an additional 45,869 shares during the quarter. Synovus Financial Corp’s holdings in Schwab US Dividend Equity ETF were worth $2,415,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SCHD. JPMorgan Chase & Co. increased its holdings in Schwab US Dividend Equity ETF by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after purchasing an additional 104,855 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after acquiring an additional 6,502 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $163,000. Tenon Financial LLC boosted its stake in Schwab US Dividend Equity ETF by 200.1% during the fourth quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock worth $412,000 after acquiring an additional 10,082 shares in the last quarter. Finally, Summit Wealth & Retirement Planning Inc. grew its holdings in Schwab US Dividend Equity ETF by 195.0% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after purchasing an additional 17,305 shares during the period.

Schwab US Dividend Equity ETF Trading Up 1.2 %

Shares of NYSEARCA SCHD opened at $25.60 on Tuesday. The firm has a market capitalization of $66.05 billion, a P/E ratio of 15.04 and a beta of 0.83. The firm’s 50-day moving average price is $27.42 and its 200-day moving average price is $27.95. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

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