United Bank Purchases 122,999 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

United Bank grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 201.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,029 shares of the company’s stock after purchasing an additional 122,999 shares during the quarter. Schwab US Dividend Equity ETF makes up about 2.1% of United Bank’s investment portfolio, making the stock its 14th largest holding. United Bank’s holdings in Schwab US Dividend Equity ETF were worth $5,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division raised its stake in 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 purchasing an additional 604 shares during the period. Hoese & Co LLP purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC raised its position in shares of Schwab US Dividend Equity ETF by 294.3% during the fourth 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 lifted its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after buying an additional 686 shares in the last quarter. Finally, IFS Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $27.58 on Friday. The firm’s fifty day moving average is $27.97 and its two-hundred day moving average is $28.13. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The company has a market cap of $69.50 billion, a P/E ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

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

Schwab US Dividend Equity ETF 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.