Prevail Innovative Wealth Advisors LLC Raises Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Prevail Innovative Wealth Advisors LLC raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 394.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,953 shares of the company’s stock after purchasing an additional 19,105 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in Schwab US Dividend Equity ETF by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $132,552,000 after buying an additional 104,855 shares during the period. GAMMA Investing LLC increased its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after acquiring an additional 6,502 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $163,000. Tenon Financial LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 200.1% in the 4th quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock worth $412,000 after acquiring an additional 10,082 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 195.0% during the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after purchasing an additional 17,305 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $27.58 on Friday. The firm has a 50 day moving average price of $27.97 and a 200 day moving average price of $28.13. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The company has a market capitalization of $69.50 billion, a PE ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be issued a $0.2488 dividend. The ex-dividend date is 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.