NewEdge Advisors LLC Grows Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

NewEdge Advisors LLC increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 111.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 927,418 shares of the company’s stock after buying an additional 488,076 shares during the quarter. NewEdge Advisors LLC owned 0.13% of Schwab US Dividend Equity ETF worth $25,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHD. Anchor Investment Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 1.1% during the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after buying an additional 428 shares during the period. Bernardo Wealth Planning LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock worth $366,000 after acquiring an additional 498 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Schwab US Dividend Equity ETF by 200.0% during the 4th 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 period. Ritter Daniher Financial Advisory LLC DE grew its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Finally, PFG Private Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth 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 Price Performance

Schwab US Dividend Equity ETF stock opened at $25.13 on Thursday. The stock has a market cap of $64.84 billion, a price-to-earnings ratio of 15.04 and a beta of 0.83. The firm has a 50-day moving average of $27.33 and a two-hundred day moving average of $27.91. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.2488 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Schwab US Dividend Equity ETF Company 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.