Worth Financial Advisory Group LLC Has $3.45 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Worth Financial Advisory Group LLC raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.8% in the 4th quarter, HoldingsChannel reports. The fund owned 126,383 shares of the company’s stock after buying an additional 84,092 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 2.1% of Worth Financial Advisory Group LLC’s holdings, making the stock its 12th biggest holding. Worth Financial Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,453,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SCHD. Central Pacific Bank Trust Division raised its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC raised its position in shares of Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after acquiring an additional 777 shares during the last quarter. PFG Private Wealth Management LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 200.0% during 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. Finally, IFS Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after acquiring an additional 699 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.1 %

Shares of NYSEARCA:SCHD opened at $27.80 on Thursday. The stock has a market capitalization of $68.94 billion, a P/E ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72. The business has a 50-day moving average price of $27.98 and a two-hundred day moving average price of $28.13.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be paid a dividend of $0.2488 per share. The ex-dividend date is 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.