Quadcap Wealth Management LLC Purchases Shares of 9,146 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Quadcap Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 9,146 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors have also recently modified their holdings of the company. Bernardo Wealth Planning LLC raised its stake in shares of Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock worth $366,000 after purchasing an additional 498 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares during the period. PFG Private Wealth Management LLC grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares during the period. Olistico Wealth LLC grew its holdings in Schwab US Dividend Equity ETF by 202.2% during the fourth quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after acquiring an additional 748 shares during the period. Finally, Morton Brown Family Wealth LLC grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 1,152 shares of the company’s stock worth $31,000 after acquiring an additional 768 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.7%

Shares of SCHD opened at $26.60 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The stock’s 50 day moving average is $26.32 and its two-hundred day moving average is $27.52. The firm has a market cap of $69.16 billion, a P/E ratio of 15.01 and a beta of 0.82.

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 $0.2488 dividend. 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.