Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Shorepoint Capital Partners LLC’s 4th Largest Position

Shorepoint Capital Partners LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 197.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 508,135 shares of the company’s stock after buying an additional 337,538 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 3.2% of Shorepoint Capital Partners LLC’s portfolio, making the stock its 4th largest holding. Shorepoint Capital Partners LLC owned 0.07% of Schwab US Dividend Equity ETF worth $13,882,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mission Creek Capital Partners Inc. boosted its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 22,092 shares of the company’s stock valued at $604,000 after acquiring an additional 14,728 shares during the last quarter. Berger Financial Group Inc lifted its stake in Schwab US Dividend Equity ETF by 216.0% in the fourth quarter. Berger Financial Group Inc now owns 2,640,459 shares of the company’s stock valued at $72,137,000 after purchasing an additional 1,804,988 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management grew its holdings in Schwab US Dividend Equity ETF by 201.9% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,908,587 shares of the company’s stock valued at $52,143,000 after purchasing an additional 1,276,461 shares during the period. Prosperity Consulting Group LLC increased its position in Schwab US Dividend Equity ETF by 214.3% in the fourth quarter. Prosperity Consulting Group LLC now owns 1,080,263 shares of the company’s stock worth $29,513,000 after buying an additional 736,580 shares during the last quarter. Finally, Wills Financial Group Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 206.5% in the fourth quarter. Wills Financial Group Inc. now owns 58,916 shares of the company’s stock valued at $1,610,000 after buying an additional 39,692 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $25.67 on Friday. The stock has a market capitalization of $66.23 billion, a PE ratio of 15.04 and a beta of 0.83. Schwab US Dividend Equity ETF has a one year low of $23.87 and a one year high of $29.72. The business’s fifty day moving average price is $27.00 and its 200-day moving average price is $27.78.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently disclosed 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 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.