Second Line Capital LLC Takes Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Second Line Capital LLC purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,769 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors also recently added to or reduced their stakes in SCHD. Bernardo Wealth Planning LLC increased its stake in shares of Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock valued at $366,000 after buying an additional 498 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares in the last quarter. PFG Private Wealth Management LLC increased its position in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after purchasing an additional 686 shares during the period. Olistico Wealth LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 202.2% in the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 748 shares in the last quarter. Finally, Morton Brown Family Wealth LLC lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 1,152 shares of the company’s stock worth $31,000 after purchasing an additional 768 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $26.60 on Friday. The company has a market cap of $69.16 billion, a PE ratio of 15.01 and a beta of 0.82. The firm’s 50 day moving average price is $26.32 and its 200-day moving average price is $27.52. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a $0.2488 dividend. 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.