Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 208.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,522 shares of the company’s stock after purchasing an additional 70,644 shares during the period. Bank of Montreal Can’s holdings in Schwab US Dividend Equity ETF were worth $2,856,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division grew its position 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 worth $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $26,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the period. Moisand Fitzgerald Tamayo LLC increased 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 valued at $28,000 after acquiring an additional 777 shares during the period. Finally, PFG Private Wealth Management LLC increased its position 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 valued at $28,000 after acquiring an additional 686 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.7 %

Schwab US Dividend Equity ETF stock opened at $25.43 on Wednesday. The stock has a 50 day moving average of $27.38 and a two-hundred day moving average of $27.93. Schwab US Dividend Equity ETF has a twelve month low of $23.87 and a twelve month high of $29.72. The stock has a market capitalization of $65.61 billion, a price-to-earnings ratio of 15.04 and a beta of 0.83.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a $0.2488 dividend. The ex-dividend date 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.