Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Weik Capital Management

Weik Capital Management raised its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 205.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,335 shares of the company’s stock after acquiring an additional 15,015 shares during the period. Weik Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $610,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SCHD. LPL Financial LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 214.9% during the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after buying an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth approximately $592,939,000. Finally, Wealthspire Advisors LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after acquiring an additional 10,024,156 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $27.75 on Friday. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The firm has a market capitalization of $69.93 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. The company has a 50 day moving average price of $27.97 and a 200 day moving average price of $28.13.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be given a $0.2488 dividend. The ex-dividend date is 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.