Bernard Wealth Management Corp. Buys New Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Bernard Wealth Management Corp. acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 126,096 shares of the company’s stock, valued at approximately $3,445,000. Schwab US Dividend Equity ETF makes up about 2.5% of Bernard Wealth Management Corp.’s holdings, making the stock its 9th largest holding.

Other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after buying an additional 604 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $26,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of 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 valued at $27,000 after purchasing an additional 650 shares in the last quarter. Moisand Fitzgerald Tamayo LLC boosted its holdings in Schwab US Dividend Equity ETF by 294.3% during 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 during the last quarter. Finally, PFG Private Wealth Management LLC grew its position in Schwab US Dividend Equity ETF by 200.0% in 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 in the last quarter.

Schwab US Dividend Equity ETF Stock Down 1.3 %

Schwab US Dividend Equity ETF stock opened at $24.94 on Tuesday. The stock has a market cap of $62.85 billion, a P/E ratio of 17.12 and a beta of 0.86. The company’s 50 day moving average price is $27.80 and its two-hundred day moving average price is $28.09. Schwab US Dividend Equity ETF has a 52 week low of $24.18 and a 52 week high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

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