Financial Counselors Inc. Buys 328,727 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Counselors Inc. grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 225.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 474,594 shares of the company’s stock after acquiring an additional 328,727 shares during the period. Financial Counselors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $12,966,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000. Anchor Investment Management LLC grew its position in Schwab US Dividend Equity ETF by 1.1% during 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 period. Bernardo Wealth Planning LLC grew its position in Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock valued at $366,000 after buying an additional 498 shares during the period. CreativeOne Wealth LLC raised its position in Schwab US Dividend Equity ETF by 1.8% in the third quarter. CreativeOne Wealth LLC now owns 30,496 shares of the company’s stock worth $2,578,000 after acquiring an additional 529 shares during the period. Finally, Central Pacific Bank Trust Division raised its position in Schwab US Dividend Equity ETF by 200.0% in the fourth 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 period.

Schwab US Dividend Equity ETF Trading Down 0.1 %

Schwab US Dividend Equity ETF stock opened at $27.80 on Thursday. The business’s 50 day simple moving average is $27.98 and its 200 day simple moving average is $28.13. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The company has a market cap of $68.94 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be issued 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.