Pitcairn Co. Increases Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pitcairn Co. increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,334 shares of the company’s stock after buying an additional 81,556 shares during the period. Pitcairn Co.’s holdings in Schwab US Dividend Equity ETF were worth $3,342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Arete Wealth Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 316.9% during the 4th quarter. Arete Wealth Advisors LLC now owns 30,118 shares of the company’s stock valued at $823,000 after purchasing an additional 22,893 shares in the last quarter. World Investment Advisors boosted its stake in shares of Schwab US Dividend Equity ETF by 214.1% during the 4th quarter. World Investment Advisors now owns 226,711 shares of the company’s stock valued at $6,194,000 after buying an additional 154,524 shares during the last quarter. Martin Worley Group acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $4,683,000. Milestone Investment Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 201.6% in the fourth quarter. Milestone Investment Advisors LLC now owns 251,769 shares of the company’s stock worth $6,878,000 after buying an additional 168,278 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in Schwab US Dividend Equity ETF by 180.0% in the fourth quarter. Venture Visionary Partners LLC now owns 1,177,078 shares of the company’s stock valued at $32,160,000 after acquiring an additional 756,735 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $27.87 on Thursday. The company has a market capitalization of $70.23 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The company’s fifty day moving average price is $27.96 and its two-hundred day moving average price is $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.2488 per share. The ex-dividend date was 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.