AssuredPartners Investment Advisors LLC Makes New $4.51 Million Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

AssuredPartners Investment Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 164,912 shares of the company’s stock, valued at approximately $4,505,000. Schwab US Dividend Equity ETF accounts for about 0.9% of AssuredPartners Investment Advisors LLC’s investment portfolio, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares during the last quarter. Sumitomo Life Insurance Co. grew 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 purchasing an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares during the period. Raymond James Financial Inc. bought a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $592,939,000. Finally, Wealthspire Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF by 195.8% in the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after buying an additional 10,024,156 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $27.80 on Thursday. The firm has a market cap of $68.94 billion, a P/E ratio of 17.56 and a beta of 0.86. The business’s 50 day moving average price is $27.98 and its 200-day moving average price is $28.13. 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 disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.2488 per share. The ex-dividend date of this dividend is 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.