Wells Fargo & Company MN lifted its position in shares of Schwab Strategic Trust (NYSEARCA:SCHR) by 8.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 267,578 shares of the company’s stock after buying an additional 20,873 shares during the quarter. Wells Fargo & Company MN owned approximately 1.20% of Schwab Strategic Trust worth $14,267,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHR. Cardan Capital Partners LLC increased its holdings in Schwab Strategic Trust by 6.4% in the 4th quarter. Cardan Capital Partners LLC now owns 80,847 shares of the company’s stock valued at $4,310,000 after acquiring an additional 4,854 shares during the last quarter. Financial Advisory Service Inc. increased its holdings in Schwab Strategic Trust by 11.7% in the 4th quarter. Financial Advisory Service Inc. now owns 22,303 shares of the company’s stock valued at $1,189,000 after acquiring an additional 2,340 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Schwab Strategic Trust by 13.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 193,301 shares of the company’s stock valued at $10,253,000 after acquiring an additional 22,309 shares during the last quarter. Atria Investments LLC increased its holdings in shares of Schwab Strategic Trust by 10.4% in the 4th quarter. Atria Investments LLC now owns 83,474 shares of the company’s stock worth $4,451,000 after buying an additional 7,865 shares during the last quarter. Finally, AT Bancorp bought a new stake in shares of Schwab Strategic Trust in the 4th quarter worth about $5,653,000.
Shares of Schwab Strategic Trust stock traded up $0.16 during trading hours on Friday, reaching $52.49. The company’s stock had a trading volume of 161,422 shares, compared to its average volume of 175,284. Schwab Strategic Trust has a one year low of $52.07 and a one year high of $54.67.
The business also recently disclosed a monthly dividend, which was paid on Friday, April 6th. Shareholders of record on Tuesday, April 3rd were given a $0.089 dividend. This represents a $1.07 annualized dividend and a yield of 2.03%. This is a boost from Schwab Strategic Trust’s previous monthly dividend of $0.08. The ex-dividend date was Monday, April 2nd.
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