Transce3nd LLC Acquires New Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Transce3nd LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 104,183 shares of the company’s stock, valued at approximately $2,848,000. Schwab US Dividend Equity ETF comprises 1.0% of Transce3nd LLC’s investment portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. LPL Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $592,939,000. Sumitomo Life Insurance Co. lifted its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after buying an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 208.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after acquiring an additional 13,264,762 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $25.42 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72. The company has a market cap of $65.58 billion, a P/E ratio of 15.04 and a beta of 0.83. The stock’s 50-day moving average is $27.23 and its 200-day moving average is $27.87.

Schwab US Dividend Equity ETF Cuts Dividend

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