KCM Investment Advisors LLC Boosts Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

KCM Investment Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 190.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,934 shares of the company’s stock after buying an additional 131,724 shares during the period. KCM Investment Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Schwab US Dividend Equity ETF by 7.2% during the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $132,552,000 after acquiring an additional 104,855 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock worth $266,000 after purchasing an additional 6,502 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at approximately $163,000. Tenon Financial LLC raised its position in Schwab US Dividend Equity ETF by 200.1% in the fourth quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock valued at $412,000 after purchasing an additional 10,082 shares during the period. Finally, Summit Wealth & Retirement Planning Inc. lifted its stake in Schwab US Dividend Equity ETF by 195.0% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after purchasing an additional 17,305 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 5.4 %

SCHD opened at $25.28 on Friday. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The business has a fifty day simple moving average of $27.88 and a 200-day simple moving average of $28.11. The firm has a market cap of $63.71 billion, a P/E ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued a dividend of $0.2488 per share. The ex-dividend date of this dividend 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.