Bernard Wealth Management Corp. Acquires New Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bernard Wealth Management Corp. purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 126,096 shares of the company’s stock, valued at approximately $3,445,000. Schwab US Dividend Equity ETF makes up about 2.5% of Bernard Wealth Management Corp.’s investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sand Hill Global Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Sand Hill Global Advisors LLC now owns 29,901 shares of the company’s stock valued at $817,000 after buying an additional 19,934 shares in the last quarter. Peachtree Investment Partners LLC grew its position in shares of Schwab US Dividend Equity ETF by 176.2% in the fourth quarter. Peachtree Investment Partners LLC now owns 3,853 shares of the company’s stock valued at $105,000 after purchasing an additional 2,458 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Schwab US Dividend Equity ETF by 78.2% in the fourth quarter. Renaissance Technologies LLC now owns 90,000 shares of the company’s stock valued at $2,459,000 after purchasing an additional 39,500 shares in the last quarter. Rollins Financial Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 195.5% during the 4th quarter. Rollins Financial Advisors LLC now owns 168,656 shares of the company’s stock valued at $4,608,000 after purchasing an additional 111,586 shares during the period. Finally, Bank of Montreal Can boosted its stake in Schwab US Dividend Equity ETF by 208.5% in the 4th quarter. Bank of Montreal Can now owns 104,522 shares of the company’s stock worth $2,856,000 after purchasing an additional 70,644 shares during the period.

Schwab US Dividend Equity ETF Trading Down 1.3 %

SCHD stock opened at $24.94 on Tuesday. The firm has a 50 day moving average of $27.80 and a 200-day moving average of $28.09. The firm has a market capitalization of $62.85 billion, a P/E ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 12 month low of $24.18 and a 12 month high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

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