Obermeyer Wealth Partners Has $346,000 Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Obermeyer Wealth Partners increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,669 shares of the company’s stock after purchasing an additional 8,446 shares during the quarter. Obermeyer Wealth Partners’ holdings in Schwab US Dividend Equity ETF were worth $346,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE increased its position in Schwab US Dividend Equity ETF by 569.6% in the 4th quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after acquiring an additional 42,218,696 shares during the period. LPL Financial LLC increased its position in Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after acquiring an additional 24,783,386 shares during the period. Raymond James Financial Inc. acquired a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at $592,939,000. Sumitomo Life Insurance Co. increased its holdings in 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. Finally, Avantax Advisory Services Inc. increased its holdings in Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.5%

NYSEARCA SCHD opened at $26.31 on Wednesday. The company has a market capitalization of $68.41 billion, a price-to-earnings ratio of 15.01 and a beta of 0.82. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The stock has a fifty day simple moving average of $26.43 and a 200 day simple moving average of $27.56.

Schwab US Dividend Equity ETF Cuts Dividend

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