StoneX Group Inc. Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

StoneX Group Inc. grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 699.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,790 shares of the company’s stock after purchasing an additional 95,184 shares during the period. StoneX Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division increased its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after buying an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after purchasing an additional 777 shares in the last quarter. PFG Private Wealth Management LLC boosted its position 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 purchasing an additional 686 shares in the last quarter. Finally, IFS Advisors LLC grew its holdings in Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $27.96 on Tuesday. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The stock has a market capitalization of $70.46 billion, a PE ratio of 17.12 and a beta of 0.86. The business has a 50 day simple moving average of $27.97 and a 200-day simple moving average of $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.2488 per share. 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.