Traders Buy Schwab Strategic Trust (SCHP) on Weakness

Investors bought shares of Schwab Strategic Trust (NYSEARCA:SCHP) on weakness during trading on Wednesday. $23.83 million flowed into the stock on the tick-up and $5.47 million flowed out of the stock on the tick-down, for a money net flow of $18.36 million into the stock. Of all companies tracked, Schwab Strategic Trust had the 21st highest net in-flow for the day. Schwab Strategic Trust traded down ($0.02) for the day and closed at $55.12

The firm also recently announced a monthly dividend, which was paid on Wednesday, January 3rd. Investors of record on Thursday, December 28th were issued a dividend of $0.2181 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $2.62 annualized dividend and a dividend yield of 4.76%. This is a positive change from Schwab Strategic Trust’s previous monthly dividend of $0.14.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings in shares of Schwab Strategic Trust by 21.5% during the 4th quarter. Bank of Montreal Can now owns 5,608 shares of the company’s stock valued at $311,000 after purchasing an additional 993 shares during the last quarter. Pure Financial Advisors Inc. grew its holdings in Schwab Strategic Trust by 9.7% in the 4th quarter. Pure Financial Advisors Inc. now owns 12,411 shares of the company’s stock worth $688,000 after acquiring an additional 1,097 shares during the last quarter. Valicenti Advisory Services Inc. grew its holdings in Schwab Strategic Trust by 14.4% in the 4th quarter. Valicenti Advisory Services Inc. now owns 18,855 shares of the company’s stock worth $1,045,000 after acquiring an additional 2,375 shares during the last quarter. Atria Investments LLC grew its holdings in Schwab Strategic Trust by 11.3% in the 4th quarter. Atria Investments LLC now owns 24,712 shares of the company’s stock worth $1,370,000 after acquiring an additional 2,513 shares during the last quarter. Finally, Portfolio Solutions LLC grew its holdings in Schwab Strategic Trust by 559.3% in the 4th quarter. Portfolio Solutions LLC now owns 26,308 shares of the company’s stock worth $1,458,000 after acquiring an additional 22,318 shares during the last quarter.

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