Worth Financial Advisory Group LLC Acquires 84,092 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Worth Financial Advisory Group LLC lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 198.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 126,383 shares of the company’s stock after acquiring an additional 84,092 shares during the period. Schwab US Dividend Equity ETF makes up about 2.1% of Worth Financial Advisory Group LLC’s investment portfolio, making the stock its 12th biggest position. Worth Financial Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,453,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SCHD. Cottage Street Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 196.8% during the 4th quarter. Cottage Street Advisors LLC now owns 37,109 shares of the company’s stock worth $1,014,000 after buying an additional 24,607 shares during the period. Tyler Stone Wealth Management lifted its holdings in shares of Schwab US Dividend Equity ETF by 2,120.2% during the fourth quarter. Tyler Stone Wealth Management now owns 59,746 shares of the company’s stock valued at $1,632,000 after acquiring an additional 57,055 shares during the period. Graney & King LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $1,840,000. Dechtman Wealth Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 202.8% in the 4th quarter. Dechtman Wealth Management LLC now owns 55,540 shares of the company’s stock worth $1,517,000 after purchasing an additional 37,199 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in shares of Schwab US Dividend Equity ETF by 311.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 1,034,080 shares of the company’s stock worth $28,251,000 after purchasing an additional 782,543 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.1 %

Shares of SCHD stock opened at $27.80 on Thursday. The company has a market capitalization of $68.94 billion, a P/E ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The firm has a 50-day moving average price of $27.98 and a 200 day moving average price of $28.13.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be paid a $0.2488 dividend. The ex-dividend date is 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.