Soundwatch Capital LLC Has $959,000 Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Soundwatch Capital LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 277.2% in the 4th quarter, Holdings Channel reports. The firm owned 35,088 shares of the company’s stock after purchasing an additional 25,785 shares during the quarter. Schwab US Dividend Equity ETF accounts for 0.1% of Soundwatch Capital LLC’s investment portfolio, making the stock its 15th largest holding. Soundwatch Capital LLC’s holdings in Schwab US Dividend Equity ETF were worth $959,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $68,000. 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 purchasing an additional 604 shares in the last quarter. Hoese & Co LLP acquired a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth approximately $26,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $25.28 on Monday. The firm has a market cap of $63.71 billion, a PE ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 52-week low of $24.49 and a 52-week high of $29.72. The business’s 50 day moving average price is $27.88 and its two-hundred day moving average price is $28.11.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a dividend of $0.2488 per share. The ex-dividend date of this dividend was 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.