Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Horizon Investment Services LLC

Horizon Investment Services LLC grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 154.4% during the fourth quarter, Holdings Channel reports. The firm owned 19,912 shares of the company’s stock after acquiring an additional 12,084 shares during the quarter. Horizon Investment Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $544,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. LPL Financial LLC grew 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 valued at $992,120,000 after buying an additional 24,783,386 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $592,939,000. Sumitomo Life Insurance Co. boosted its position in 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 valued at $732,722,000 after purchasing an additional 17,880,000 shares during the period. Avantax Advisory Services Inc. grew its stake in Schwab US Dividend Equity ETF by 205.8% during the 4th 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 increased its position 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 worth $413,737,000 after buying an additional 10,024,156 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $27.58 on Friday. The firm has a fifty day moving average of $27.97 and a 200-day moving average of $28.13. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 17.12 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.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be given a $0.2488 dividend. 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.