Main Street Financial Solutions LLC Buys 1,126,476 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Main Street Financial Solutions LLC lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 222.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,633,114 shares of the company’s stock after purchasing an additional 1,126,476 shares during the quarter. Schwab US Dividend Equity ETF comprises about 4.4% of Main Street Financial Solutions LLC’s holdings, making the stock its 3rd largest holding. Main Street Financial Solutions LLC owned 0.23% of Schwab US Dividend Equity ETF worth $44,617,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock worth $3,256,000 after purchasing an additional 428 shares in the last quarter. Bernardo Wealth Planning LLC increased its holdings in Schwab US Dividend Equity ETF by 3.8% in the fourth quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock valued at $366,000 after buying an additional 498 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of 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 worth $25,000 after acquiring an additional 604 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares during the period. Finally, PFG Private Wealth Management LLC raised its holdings in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after purchasing an additional 686 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.7 %

Shares of SCHD stock opened at $25.43 on Wednesday. The stock has a market cap of $65.61 billion, a P/E ratio of 15.04 and a beta of 0.83. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The business has a fifty day simple moving average of $27.38 and a 200-day simple moving average of $27.93.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.2488 per share. The ex-dividend date was Wednesday, March 26th.

Schwab US Dividend Equity ETF 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.