Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by Rench Wealth Management Inc.

Rench Wealth Management Inc. increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 214.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,476 shares of the company’s stock after purchasing an additional 20,777 shares during the period. Rench Wealth Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $833,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. McIlrath & Eck LLC lifted its position in shares of Schwab US Dividend Equity ETF by 39.9% during the 3rd quarter. McIlrath & Eck LLC now owns 5,942 shares of the company’s stock worth $502,000 after buying an additional 1,695 shares during the last quarter. Tudor Financial Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth $6,313,000. Anchor Investment Management LLC lifted its position in Schwab US Dividend Equity ETF by 1.1% in the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after acquiring an additional 428 shares during the last quarter. World Investment Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 6.8% in the third quarter. World Investment Advisors LLC now owns 72,187 shares of the company’s stock valued at $6,035,000 after acquiring an additional 4,580 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth about $163,000.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $25.60 on Tuesday. The stock has a 50-day simple moving average of $27.42 and a 200-day simple moving average of $27.95. The company has a market capitalization of $66.05 billion, a P/E ratio of 15.04 and a beta of 0.83. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently disclosed 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 of this dividend 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.