Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 212.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,294,235 shares of the company’s stock after acquiring an additional 8,364,559 shares during the period. Wells Fargo & Company MN’s holdings in Schwab US Dividend Equity ETF were worth $335,879,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $34,000. Anchor Investment Management LLC grew its position in 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 worth $3,256,000 after buying an additional 428 shares during the last quarter. Bernardo Wealth Planning LLC lifted its position 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 valued at $366,000 after acquiring an additional 498 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake 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 in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 11,695 shares of the company’s stock worth $986,000 after acquiring an additional 639 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 5.4 %

Shares of NYSEARCA SCHD opened at $25.28 on Friday. 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 $63.71 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 $27.88 and a 200-day simple moving average of $28.11.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a $0.2488 dividend. The ex-dividend date 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.