AssuredPartners Investment Advisors LLC Purchases New Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

AssuredPartners Investment Advisors LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 164,912 shares of the company’s stock, valued at approximately $4,505,000. Schwab US Dividend Equity ETF accounts for approximately 0.9% of AssuredPartners Investment Advisors LLC’s holdings, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth about $34,000. Hobbs Group Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF in the third quarter worth about $68,000. Central Pacific Bank Trust Division increased its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $26,000. Finally, PFG Private Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after purchasing an additional 686 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.1 %

SCHD stock opened at $27.80 on Thursday. The business has a 50 day moving average of $27.98 and a 200 day moving average of $28.13. The firm has a market cap of $68.94 billion, a PE ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

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