CIBC Private Wealth Group LLC Has $5.62 Million Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

CIBC Private Wealth Group LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,747 shares of the company’s stock after acquiring an additional 21,897 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $5,621,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SCHD. Central Pacific Bank Trust Division raised its stake 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 valued at $25,000 after purchasing an additional 604 shares during the period. Hoese & Co LLP acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC lifted its stake 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 acquiring an additional 777 shares in the last quarter. PFG Private Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares during the period. Finally, IFS Advisors LLC boosted its position 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 worth $29,000 after acquiring an additional 699 shares during the period.

Schwab US Dividend Equity ETF Price Performance

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

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders 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.