Maridea Wealth Management LLC Takes Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Maridea Wealth Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 37,854 shares of the company’s stock, valued at approximately $1,034,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF during the third quarter worth about $34,000. Anchor Investment Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 1.1% in the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after buying an additional 428 shares during the last quarter. Bernardo Wealth Planning LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock worth $366,000 after acquiring an additional 498 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its stake in Schwab US Dividend Equity ETF by 9.1% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,421 shares of the company’s stock valued at $627,000 after acquiring an additional 618 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.58 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The company has a market capitalization of $69.50 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. The business has a fifty day simple moving average of $27.97 and a two-hundred day simple moving average of $28.13.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be issued a dividend of $0.2488 per share. 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.