Envestnet Asset Management Inc. Acquires 13,264,762 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Envestnet Asset Management Inc. grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 208.5% during the fourth quarter, Holdings Channel reports. The firm owned 19,626,674 shares of the company’s stock after acquiring an additional 13,264,762 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $536,201,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SCHD. Central Pacific Bank Trust Division grew its position in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC raised its position in Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after purchasing an additional 777 shares during the period. PFG Private Wealth Management LLC lifted its position in 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 valued at $28,000 after purchasing an additional 686 shares during the last quarter. Finally, IFS Advisors LLC increased its holdings in 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 valued at $29,000 after purchasing an additional 699 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $25.28 on Friday. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The firm has a market capitalization of $63.71 billion, a PE ratio of 17.12 and a beta of 0.86. The company has a 50-day simple moving average of $27.88 and a two-hundred day simple moving average of $28.11.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid 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.