DKM Wealth Management Inc. Invests $482,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

DKM Wealth Management Inc. acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, Holdings Channel reports. The fund acquired 17,660 shares of the company’s stock, valued at approximately $482,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHD. Central Pacific Bank Trust Division boosted 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 valued at $25,000 after acquiring an additional 604 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC boosted its position in shares of Schwab US Dividend Equity ETF by 294.3% during the fourth 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 grew its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after buying an additional 686 shares during the last quarter. Finally, IFS Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after acquiring an additional 699 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.3 %

SCHD opened at $27.87 on Wednesday. The company has a market cap of $70.23 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The company’s 50 day moving average is $27.96 and its 200 day moving average is $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

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

About Schwab US Dividend Equity ETF

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.