BlueChip Wealth Advisors LLC Acquires 259,316 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

BlueChip Wealth Advisors LLC grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 216.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 379,264 shares of the company’s stock after acquiring an additional 259,316 shares during the quarter. Schwab US Dividend Equity ETF accounts for 5.7% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 2nd largest holding. BlueChip Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $10,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Montreal Can lifted its position in shares of Schwab US Dividend Equity ETF by 11.5% in the 3rd quarter. Bank of Montreal Can now owns 33,878 shares of the company’s stock worth $2,855,000 after acquiring an additional 3,503 shares during the period. FMR LLC lifted its position in Schwab US Dividend Equity ETF by 39.3% in the third quarter. FMR LLC now owns 127,966 shares of the company’s stock worth $10,817,000 after purchasing an additional 36,115 shares during the period. Townsquare Capital LLC lifted its position in Schwab US Dividend Equity ETF by 8.8% in the third quarter. Townsquare Capital LLC now owns 52,143 shares of the company’s stock worth $4,408,000 after purchasing an additional 4,200 shares during the period. Glenmede Trust Co. NA increased its holdings in Schwab US Dividend Equity ETF by 79.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,587 shares of the company’s stock valued at $472,000 after buying an additional 2,465 shares during the period. Finally, CWS Financial Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 4.1% in the 3rd quarter. CWS Financial Advisors LLC now owns 22,897 shares of the company’s stock valued at $1,936,000 after buying an additional 903 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.6 %

NYSEARCA SCHD opened at $27.58 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The stock has a market cap of $69.50 billion, a P/E ratio of 17.12 and a beta of 0.86. The company’s 50-day simple moving average is $27.97 and its 200 day simple moving average is $28.13.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, March 26th will be given a dividend of $0.2488 per share. The ex-dividend date 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.