Stony Point Wealth Management Inc. purchased a new stake in Schwab Strategic Trust (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,746 shares of the company’s stock, valued at approximately $601,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealthsource Partners LLC acquired a new stake in shares of Schwab Strategic Trust in the fourth quarter worth $207,000. SWS Partners acquired a new stake in shares of Schwab Strategic Trust in the fourth quarter worth $410,000. Capital Directions Investment Advisors LLC grew its stake in shares of Schwab Strategic Trust by 98.0% in the fourth quarter. Capital Directions Investment Advisors LLC now owns 3,987 shares of the company’s stock worth $204,000 after acquiring an additional 1,973 shares during the last quarter. Smart Money Group LLC acquired a new stake in shares of Schwab Strategic Trust in the fourth quarter worth $816,000. Finally, Dynasty Wealth Management LLC acquired a new stake in shares of Schwab Strategic Trust in the fourth quarter worth $477,000.

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Shares of Schwab Strategic Trust stock opened at $49.50 on Thursday. Schwab Strategic Trust has a 52 week low of $44.07 and a 52 week high of $54.60.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Monday, March 19th will be paid a $0.2615 dividend. The ex-dividend date is Friday, March 16th. This represents a $1.05 annualized dividend and a dividend yield of 2.11%.

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Institutional Ownership by Quarter for Schwab Strategic Trust (NYSEARCA:SCHD)

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