Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Joseph Group Capital Management’s 7th Largest Position

Joseph Group Capital Management raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 197.0% during the fourth quarter, Holdings Channel reports. The fund owned 312,184 shares of the company’s stock after buying an additional 207,080 shares during the period. Schwab US Dividend Equity ETF comprises about 3.4% of Joseph Group Capital Management’s investment portfolio, making the stock its 7th biggest position. Joseph Group Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $8,529,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $34,000. Anchor Investment Management LLC raised its position in Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after purchasing an additional 428 shares during the last quarter. Bernardo Wealth Planning LLC lifted its holdings in Schwab US Dividend Equity ETF by 3.8% in the 4th quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock worth $366,000 after buying an additional 498 shares during the period. Central Pacific Bank Trust Division grew its position 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 worth $25,000 after buying an additional 604 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its stake in shares of Schwab US Dividend Equity ETF by 9.1% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,421 shares of the company’s stock valued at $627,000 after buying an additional 618 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.6 %

Shares of SCHD stock opened at $27.58 on Friday. The firm has a market capitalization of $69.50 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. The stock has a fifty day moving average of $27.97 and a 200 day moving average of $28.13. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

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