Horizon Investment Services LLC Boosts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Horizon Investment Services LLC increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 154.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,912 shares of the company’s stock after purchasing an additional 12,084 shares during the quarter. Horizon Investment Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC boosted its position in Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after buying an additional 24,783,386 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings 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 valued at $732,722,000 after purchasing an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $592,939,000. Finally, Wealthspire Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 195.8% in the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after purchasing an additional 10,024,156 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.6 %

SCHD stock opened at $27.58 on Friday. The firm has a 50 day simple moving average of $27.97 and a 200-day simple moving average of $28.13. The company has a market capitalization of $69.50 billion, a P/E ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders 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 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.