Peachtree Investment Partners LLC Boosts Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Peachtree Investment Partners LLC increased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 176.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,853 shares of the company’s stock after buying an additional 2,458 shares during the period. Peachtree Investment Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Central Pacific Bank Trust Division raised its stake in 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 buying an additional 604 shares during the last quarter. Hoese & Co LLP purchased a new stake in Schwab US Dividend Equity ETF during the fourth quarter valued at $26,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the period. Moisand Fitzgerald Tamayo LLC boosted its position in Schwab US Dividend Equity ETF by 294.3% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after purchasing an additional 777 shares during the last quarter. Finally, PFG Private Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after purchasing an additional 686 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 1.3 %

NYSEARCA SCHD opened at $24.94 on Tuesday. The firm has a market capitalization of $62.85 billion, a P/E ratio of 17.12 and a beta of 0.86. The company has a 50-day moving average price of $27.80 and a 200-day moving average price of $28.09. Schwab US Dividend Equity ETF has a 52 week low of $24.18 and a 52 week high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given 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.