NewEdge Advisors LLC Boosts Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

NewEdge Advisors LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 111.1% during the fourth quarter, HoldingsChannel reports. The fund owned 927,418 shares of the company’s stock after acquiring an additional 488,076 shares during the quarter. NewEdge Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $25,337,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its position in shares of Schwab US Dividend Equity ETF by 200.0% in 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 during the last quarter. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $26,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of 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 buying an additional 650 shares during the period. Moisand Fitzgerald Tamayo LLC grew its holdings 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 buying an additional 777 shares during the last quarter. Finally, PFG Private Wealth Management LLC increased its position 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 valued at $28,000 after acquiring an additional 686 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $25.13 on Thursday. The stock has a 50-day moving average of $27.33 and a two-hundred day moving average of $27.91. The stock has a market cap of $64.84 billion, a P/E ratio of 15.04 and a beta of 0.83. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued 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.