Cynosure Group LLC Has $2.72 Million Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cynosure Group LLC increased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,603 shares of the company’s stock after acquiring an additional 66,402 shares during the quarter. Cynosure Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHD. LPL Financial LLC increased its position in shares of Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after purchasing an additional 24,783,386 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $592,939,000. Sumitomo Life Insurance Co. grew its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after buying an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF by 195.8% in the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after buying an additional 10,024,156 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $27.87 on Wednesday. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The firm’s fifty day moving average is $27.96 and its two-hundred day moving average is $28.14. The firm has a market cap of $70.23 billion, a PE ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

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

Schwab US Dividend Equity ETF Company 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.