Joseph Group Capital Management Raises Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Joseph Group Capital Management lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 197.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 312,184 shares of the company’s stock after buying an additional 207,080 shares during the period. Schwab US Dividend Equity ETF comprises about 3.4% of Joseph Group Capital Management’s portfolio, making the stock its 7th biggest holding. Joseph Group Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $8,529,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $34,000. Anchor Investment Management LLC boosted its stake in Schwab US Dividend Equity ETF by 1.1% in the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after acquiring an additional 428 shares during the last quarter. Bernardo Wealth Planning LLC boosted its stake in 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 valued at $366,000 after acquiring an additional 498 shares during the last quarter. Central Pacific Bank Trust Division increased its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its stake in shares of Schwab US Dividend Equity ETF by 9.1% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,421 shares of the company’s stock worth $627,000 after purchasing an additional 618 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.6 %

Schwab US Dividend Equity ETF stock opened at $27.58 on Friday. The business’s 50 day simple moving average is $27.97 and its 200 day simple moving average is $28.13. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86.

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 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.