Fiduciary Trust Co Buys 217,228 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Fiduciary Trust Co increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 85.0% in the fourth quarter, HoldingsChannel reports. The fund owned 472,724 shares of the company’s stock after purchasing an additional 217,228 shares during the period. Fiduciary Trust Co’s holdings in Schwab US Dividend Equity ETF were worth $12,915,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bernardo Wealth Planning LLC grew its position in Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock worth $366,000 after acquiring an additional 498 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its position in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the last quarter. PFG Private Wealth Management LLC raised its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after acquiring an additional 686 shares during the period. IFS Advisors LLC lifted 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 acquiring an additional 699 shares during the last quarter. Finally, Olistico Wealth LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 202.2% during the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 748 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.5 %

Shares of NYSEARCA:SCHD opened at $25.78 on Friday. The company has a market capitalization of $67.03 billion, a price-to-earnings ratio of 15.01 and a beta of 0.82. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The firm’s 50-day moving average is $26.55 and its 200 day moving average is $27.61.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid 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.