Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 184.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,813 shares of the company’s stock after buying an additional 117,850 shares during the quarter. Sei Investments Co.’s holdings in Schwab US Dividend Equity ETF were worth $4,967,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. 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. lifted its stake in Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $592,939,000. Wealthspire Advisors LLC grew its position in shares of Schwab US Dividend Equity ETF by 195.8% in the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after purchasing an additional 10,024,156 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 206.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock valued at $358,727,000 after purchasing an additional 8,848,668 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.87 on Wednesday. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The company has a market cap of $70.23 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. The business’s 50 day moving average price is $27.96 and its 200 day moving average price is $28.14.

Schwab US Dividend Equity ETF Cuts Dividend

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