Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stock Holdings Lifted by Islay Capital Management LLC

Islay Capital Management LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 416,656 shares of the company’s stock after acquiring an additional 279,655 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 7.9% of Islay Capital Management LLC’s holdings, making the stock its largest position. Islay Capital Management LLC owned approximately 0.06% of Schwab US Dividend Equity ETF worth $11,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the period. Hoese & Co LLP acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC lifted its position in 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 worth $28,000 after buying an additional 777 shares in the last quarter. PFG Private Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after buying an additional 686 shares during the period. Finally, IFS Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after acquiring an additional 699 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 5.4 %

Shares of NYSEARCA:SCHD opened at $25.28 on Friday. The business has a fifty day simple moving average of $27.88 and a 200 day simple moving average of $28.11. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The firm has a market cap of $63.71 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 was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued 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.