Oarsman Capital Inc. Acquires 19,122 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Oarsman Capital Inc. grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 177.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,901 shares of the company’s stock after purchasing an additional 19,122 shares during the period. Oarsman Capital Inc.’s holdings in Schwab US Dividend Equity ETF were worth $817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division grew its stake in 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 in the last quarter. Hoese & Co LLP bought a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC raised its position in Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after purchasing an additional 777 shares in the last quarter. PFG Private Wealth Management LLC lifted its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after purchasing an additional 686 shares during the last quarter. Finally, IFS Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after purchasing 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 stock’s 50-day moving average is $27.88 and its 200 day moving average is $28.11. The stock 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 has a 1-year low of $25.18 and a 1-year high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.2488 per share. The ex-dividend date of this dividend was 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.