Stifel Financial Corp Grows Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Stifel Financial Corp grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 191.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,190,631 shares of the company’s stock after acquiring an additional 1,438,205 shares during the period. Stifel Financial Corp’s holdings in Schwab US Dividend Equity ETF were worth $59,848,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its position in shares of Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after buying an additional 24,783,386 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at $592,939,000. Sumitomo Life Insurance Co. increased its position in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after purchasing an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. raised its holdings in Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 208.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock worth $536,201,000 after purchasing an additional 13,264,762 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $25.44 on Wednesday. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The stock has a market capitalization of $65.64 billion, a P/E ratio of 15.04 and a beta of 0.83. The company’s 50-day moving average is $27.13 and its 200 day moving average is $27.83.

Schwab US Dividend Equity ETF Cuts Dividend

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