Keystone Financial Group Invests $251,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Keystone Financial Group purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,187 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP acquired a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $26,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. PFG Private Wealth Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after acquiring an additional 686 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 294.3% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after purchasing an additional 777 shares during the period.

Schwab US Dividend Equity ETF Stock Up 1.2 %

Shares of Schwab US Dividend Equity ETF stock opened at $25.60 on Tuesday. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The business has a fifty day simple moving average of $27.42 and a 200 day simple moving average of $27.95. The stock has a market cap of $66.05 billion, a PE ratio of 15.04 and a beta of 0.83.

Schwab US Dividend Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a dividend of $0.2488 per share. The ex-dividend date of this dividend 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.