Security National Bank of SO Dak Boosts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Security National Bank of SO Dak raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 193.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,997 shares of the company’s stock after buying an additional 8,568 shares during the period. Security National Bank of SO Dak’s holdings in Schwab US Dividend Equity ETF were worth $355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in Schwab US Dividend Equity ETF by 268.3% during the fourth quarter. Russell Investments Group Ltd. now owns 22,732 shares of the company’s stock worth $621,000 after purchasing an additional 16,560 shares in the last quarter. Tenon Financial LLC lifted its position in shares of Schwab US Dividend Equity ETF by 200.1% during the 4th quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock valued at $412,000 after buying an additional 10,082 shares in the last quarter. Barclays PLC acquired a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at $74,000. Summit Wealth & Retirement Planning Inc. increased its holdings in Schwab US Dividend Equity ETF by 195.0% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after acquiring an additional 17,305 shares in the last quarter. Finally, DDD Partners LLC raised its position in Schwab US Dividend Equity ETF by 203.7% during the fourth quarter. DDD Partners LLC now owns 31,246 shares of the company’s stock worth $854,000 after acquiring an additional 20,958 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.6%

Shares of NYSEARCA SCHD opened at $26.42 on Friday. The firm has a market cap of $68.69 billion, a price-to-earnings ratio of 15.01 and a beta of 0.82. The company’s 50-day simple moving average is $26.35 and its 200-day simple moving average is $27.53. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

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