O Shaughnessy Asset Management LLC Grows Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

O Shaughnessy Asset Management LLC boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 257.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 81,491 shares of the company’s stock after buying an additional 58,688 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,226,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SCHD. Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 394.1% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 23,953 shares of the company’s stock worth $654,000 after purchasing an additional 19,105 shares during the period. Walled Lake Planning & Wealth Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 205.3% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 415,640 shares of the company’s stock valued at $11,355,000 after buying an additional 279,503 shares during the last quarter. United Bank raised its holdings in shares of Schwab US Dividend Equity ETF by 201.5% in the fourth quarter. United Bank now owns 184,029 shares of the company’s stock worth $5,028,000 after buying an additional 122,999 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 11.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 205,747 shares of the company’s stock worth $5,621,000 after acquiring an additional 21,897 shares during the last quarter. Finally, Joseph Group Capital Management lifted its stake in shares of Schwab US Dividend Equity ETF by 197.0% during the 4th quarter. Joseph Group Capital Management now owns 312,184 shares of the company’s stock worth $8,529,000 after acquiring an additional 207,080 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 5.4 %

Shares of Schwab US Dividend Equity ETF stock opened at $25.28 on Friday. The stock’s fifty day moving average is $27.88 and its two-hundred day moving average is $28.11. 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 capitalization of $63.71 billion, a PE 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 was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued a dividend of $0.2488 per share. The ex-dividend date of this dividend was 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.