Core Wealth Advisors Inc. Boosts Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Core Wealth Advisors Inc. raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 227.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,375 shares of the company’s stock after buying an additional 37,062 shares during the quarter. Schwab US Dividend Equity ETF comprises 0.5% of Core Wealth Advisors Inc.’s portfolio, making the stock its 25th biggest holding. Core Wealth Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,458,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after buying an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after buying an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth about $592,939,000. Finally, Envestnet Asset Management Inc. increased its stake in Schwab US Dividend Equity ETF by 208.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after acquiring an additional 13,264,762 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $25.71 on Friday. The company has a market cap of $66.33 billion, a PE ratio of 15.04 and a beta of 0.83. The stock’s 50 day simple moving average is $27.04 and its two-hundred day simple moving average is $27.80. 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 business also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a $0.2488 dividend. The ex-dividend date 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.