Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 183.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 99,273 shares of the company’s stock after acquiring an additional 64,241 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Schwab US Dividend Equity ETF were worth $2,712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC raised its stake in Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $592,939,000. Sumitomo Life Insurance Co. lifted its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth 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 in the last quarter. Avantax Advisory Services Inc. boosted its position in 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 acquiring an additional 17,501,170 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 195.8% during the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after acquiring an additional 10,024,156 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.6 %

SCHD stock opened at $27.58 on Friday. The firm has a 50-day moving average of $27.97 and a two-hundred day 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. 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 Cuts Dividend

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