Strategy Asset Managers LLC Acquires 6,174 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Strategy Asset Managers LLC boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 157.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,095 shares of the company’s stock after acquiring an additional 6,174 shares during the quarter. Strategy Asset Managers LLC’s holdings in Schwab US Dividend Equity ETF were worth $276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division lifted its position 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 buying an additional 604 shares during the period. Hoese & Co LLP bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after purchasing an additional 777 shares in the last quarter. PFG Private Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after purchasing an additional 686 shares in the last quarter. Finally, IFS Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.6 %

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 firm’s 50-day moving average price is $27.97 and its two-hundred day moving average price is $28.13. The stock has a market capitalization 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 declared 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 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.