Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Increased by Pitcairn Co.

Pitcairn Co. lifted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 122,334 shares of the company’s stock after purchasing an additional 81,556 shares during the period. Pitcairn Co.’s holdings in Schwab US Dividend Equity ETF were worth $3,342,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Arete Wealth Advisors LLC raised its stake in Schwab US Dividend Equity ETF by 316.9% during the fourth quarter. Arete Wealth Advisors LLC now owns 30,118 shares of the company’s stock worth $823,000 after acquiring an additional 22,893 shares during the period. World Investment Advisors grew its holdings in shares of Schwab US Dividend Equity ETF by 214.1% during the fourth quarter. World Investment Advisors now owns 226,711 shares of the company’s stock valued at $6,194,000 after purchasing an additional 154,524 shares during the last quarter. Martin Worley Group acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $4,683,000. Milestone Investment Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 201.6% during the 4th quarter. Milestone Investment Advisors LLC now owns 251,769 shares of the company’s stock worth $6,878,000 after purchasing an additional 168,278 shares during the period. Finally, Venture Visionary Partners LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 180.0% in the 4th quarter. Venture Visionary Partners LLC now owns 1,177,078 shares of the company’s stock worth $32,160,000 after purchasing an additional 756,735 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $27.87 on Thursday. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The stock has a fifty day moving average price of $27.96 and a 200 day moving average price of $28.14. The company has a market cap of $70.23 billion, a P/E ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors 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 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.