FSB Premier Wealth Management Inc. Buys 14,880 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

FSB Premier Wealth Management Inc. raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 191.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,647 shares of the company’s stock after buying an additional 14,880 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHD. 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 worth $992,120,000 after acquiring an additional 24,783,386 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in 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 worth $732,722,000 after purchasing an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $592,939,000. Finally, Wealthspire Advisors LLC grew its stake in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after buying an additional 10,024,156 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $27.58 on Monday. The stock has a market capitalization of $69.50 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The stock has a fifty day moving average of $27.97 and a 200-day moving average of $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

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