Accredited Wealth Management LLC Makes New Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Accredited Wealth Management LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 231,204 shares of the company’s stock, valued at approximately $6,317,000. Schwab US Dividend Equity ETF accounts for about 5.5% of Accredited Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after buying an additional 6,502 shares during the period. Russell Investments Group Ltd. boosted its holdings in Schwab US Dividend Equity ETF by 268.3% during the 4th quarter. Russell Investments Group Ltd. now owns 22,732 shares of the company’s stock valued at $621,000 after acquiring an additional 16,560 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $163,000. Tenon Financial LLC increased its stake in Schwab US Dividend Equity ETF by 200.1% in the fourth quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock worth $412,000 after purchasing an additional 10,082 shares during the period. Finally, Summit Wealth & Retirement Planning Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 195.0% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock worth $715,000 after purchasing an additional 17,305 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.4 %

NYSEARCA SCHD opened at $26.06 on Friday. The stock has a market cap of $67.23 billion, a PE ratio of 15.04 and a beta of 0.83. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The company’s 50-day moving average price is $26.76 and its 200-day moving average price is $27.69.

Schwab US Dividend Equity ETF Cuts Dividend

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

About Schwab US Dividend Equity ETF

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.