Mitchell Sinkler & Starr PA Raises Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Mitchell Sinkler & Starr PA raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 74,725 shares of the company’s stock after buying an additional 50,150 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Schwab US Dividend Equity ETF were worth $2,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division raised its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of Schwab US Dividend Equity ETF by 294.3% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after buying an additional 777 shares during the last quarter. PFG Private Wealth Management LLC raised its stake in 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 worth $28,000 after acquiring an additional 686 shares during the period. Finally, IFS Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after purchasing an additional 699 shares during the period.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $27.58 on Friday. The firm has a market capitalization of $69.50 billion, a P/E ratio of 17.12 and a beta of 0.86. The business has a 50 day simple moving average of $27.97 and a 200 day simple moving average of $28.13. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The company 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 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.