White Lighthouse Investment Management Inc. acquired a new stake in Schwab Strategic Trust (NYSEARCA:SCHP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 57,255 shares of the company’s stock, valued at approximately $3,174,000. Schwab Strategic Trust accounts for approximately 1.8% of White Lighthouse Investment Management Inc.’s investment portfolio, making the stock its 14th biggest position.

Shares of Schwab Strategic Trust (NYSEARCA:SCHP) traded down $0.14 during midday trading on Wednesday, hitting $54.96. The stock had a trading volume of 408,200 shares, compared to its average volume of 710,317. Schwab Strategic Trust has a 1 year low of $54.58 and a 1 year high of $56.10.

The company also recently declared a monthly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Thursday, December 28th were given a dividend of $0.2181 per share. This represents a $2.62 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Wednesday, December 27th. This is a boost from Schwab Strategic Trust’s previous monthly dividend of $0.14.

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