FSB Premier Wealth Management Inc. Purchases 14,880 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

FSB Premier Wealth Management Inc. boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 191.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,647 shares of the company’s stock after purchasing an additional 14,880 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $619,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC increased its holdings 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 during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $592,939,000. Sumitomo Life Insurance Co. raised its position 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 valued at $732,722,000 after purchasing an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. lifted its stake 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 last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 195.8% during the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after buying an additional 10,024,156 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.6 %

Shares of SCHD stock opened at $27.58 on Monday. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The firm has a 50 day moving average price of $27.97 and a two-hundred day moving average price of $28.14. 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. Shareholders of record on Wednesday, March 26th will be issued a $0.2488 dividend. The ex-dividend date is 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.