Titleist Asset Management LLC Purchases 52,464 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Titleist Asset Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 185.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 80,758 shares of the company’s stock after buying an additional 52,464 shares during the period. Titleist Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,206,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $34,000. Hobbs Group Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $68,000. Central Pacific Bank Trust Division grew its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at $26,000. Finally, PFG Private Wealth Management LLC lifted its stake in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after purchasing an additional 686 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 5.4 %

SCHD opened at $25.28 on Friday. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The firm has a 50-day simple moving average of $27.88 and a two-hundred day simple moving average of $28.11. 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 company also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.2488 per share. The ex-dividend date 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.