Riggs Capital Management LLC Invests $2.16 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Riggs Capital Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 79,076 shares of the company’s stock, valued at approximately $2,160,000. Schwab US Dividend Equity ETF makes up 2.1% of Riggs Capital Management LLC’s holdings, making the stock its 12th biggest position.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in Schwab US Dividend Equity ETF by 11.5% during the third quarter. Bank of Montreal Can now owns 33,878 shares of the company’s stock valued at $2,855,000 after purchasing an additional 3,503 shares during the last quarter. FMR LLC lifted its position in shares of Schwab US Dividend Equity ETF by 39.3% during the 3rd quarter. FMR LLC now owns 127,966 shares of the company’s stock valued at $10,817,000 after acquiring an additional 36,115 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Schwab US Dividend Equity ETF by 79.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,587 shares of the company’s stock worth $472,000 after acquiring an additional 2,465 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 123,393 shares of the company’s stock worth $10,419,000 after acquiring an additional 3,618 shares during the last quarter. Finally, Tradition Wealth Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.2% during the third quarter. Tradition Wealth Management LLC now owns 251,941 shares of the company’s stock worth $21,297,000 after purchasing an additional 3,100 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.6 %

NYSEARCA:SCHD opened at $27.58 on Monday. The stock has a fifty day simple moving average of $27.97 and a 200 day simple moving average of $28.14. The firm has a market capitalization of $69.50 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be issued a $0.2488 dividend. 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.