First Wilshire Securities Management Inc. Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

First Wilshire Securities Management Inc. increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,875 shares of the company’s stock after purchasing an additional 29,250 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,199,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of 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 during the period. Raymond James Financial Inc. bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $592,939,000. Sumitomo Life Insurance Co. boosted 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 valued at $732,722,000 after buying an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. boosted its position in 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 during the period. Finally, Wealthspire Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 195.8% in the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after acquiring an additional 10,024,156 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $27.87 on Wednesday. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The stock has a market capitalization of $70.23 billion, a PE ratio of 17.12 and a beta of 0.86. The business’s 50-day moving average is $27.96 and its 200 day moving average is $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders 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.