Oarsman Capital Inc. Purchases 19,122 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Oarsman Capital Inc. lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 177.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,901 shares of the company’s stock after buying an additional 19,122 shares during the period. Oarsman Capital Inc.’s holdings in Schwab US Dividend Equity ETF were worth $817,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Schwab US Dividend Equity ETF by 7.2% during the 3rd 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 period. GAMMA Investing LLC raised its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after buying an additional 6,502 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $163,000. Tenon Financial LLC lifted its holdings in Schwab US Dividend Equity ETF by 200.1% during 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 last quarter. Finally, Summit Wealth & Retirement Planning Inc. boosted its holdings in Schwab US Dividend Equity ETF by 195.0% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after buying an additional 17,305 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $25.28 on Friday. The stock has a market capitalization of $63.71 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The stock’s 50-day simple moving average is $27.88 and its 200 day simple moving average is $28.11.

Schwab US Dividend Equity ETF Cuts Dividend

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

Schwab US Dividend Equity ETF 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.