Bessemer Group Inc. Increases Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bessemer Group Inc. grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,333 shares of the company’s stock after buying an additional 72,222 shares during the quarter. Bessemer Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division boosted its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after buying an additional 604 shares during the period. Hoese & Co LLP purchased a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $26,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares during the period. Moisand Fitzgerald Tamayo LLC grew its stake in Schwab US Dividend Equity ETF by 294.3% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after purchasing an additional 777 shares in the last quarter. Finally, PFG Private Wealth Management LLC increased 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 period.

Schwab US Dividend Equity ETF Trading Up 1.3 %

Shares of SCHD stock opened at $25.30 on Monday. 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 $27.47 and a two-hundred day simple moving average of $27.96. The stock has a market capitalization of $63.76 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a $0.2488 dividend. The ex-dividend date of this dividend 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.