17,660 Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Bought by DKM Wealth Management Inc.

DKM Wealth Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,660 shares of the company’s stock, valued at approximately $482,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth approximately $68,000. Central Pacific Bank Trust Division boosted its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares during the last quarter. Hoese & Co LLP acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $26,000. Finally, PFG Private Wealth Management LLC raised its holdings in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after purchasing an additional 686 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $27.87 on Wednesday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The company’s 50 day moving average price is $27.96 and its 200-day moving average price is $28.14. The company has a market capitalization of $70.23 billion, a P/E ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.2488 per share. 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.