Wells Fargo & Company MN Boosts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Wells Fargo & Company MN grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 212.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,294,235 shares of the company’s stock after purchasing an additional 8,364,559 shares during the period. Wells Fargo & Company MN owned approximately 1.75% of Schwab US Dividend Equity ETF worth $335,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 39.3% during the 3rd quarter. FMR LLC now owns 127,966 shares of the company’s stock worth $10,817,000 after acquiring an additional 36,115 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Schwab US Dividend Equity ETF by 86.9% in the third quarter. Quantinno Capital Management LP now owns 7,738 shares of the company’s stock valued at $654,000 after purchasing an additional 3,598 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $27,329,000. Kovitz Investment Group Partners LLC raised its stake in shares of Schwab US Dividend Equity ETF by 18.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 17,326 shares of the company’s stock worth $1,465,000 after buying an additional 2,720 shares during the last quarter. Finally, Insigneo Advisory Services LLC boosted its position in shares of Schwab US Dividend Equity ETF by 10.0% in the 3rd quarter. Insigneo Advisory Services LLC now owns 40,184 shares of the company’s stock worth $3,397,000 after buying an additional 3,653 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $25.28 on Friday. The firm has a 50 day simple moving average of $27.88 and a 200-day simple moving average of $28.11. The stock has a market cap of $63.71 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a dividend of $0.2488 per share. 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.