Cetera Investment Advisers reduced its stake in shares of Schwab Strategic Trust (NYSEARCA:SCHZ) by 11.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,695 shares of the company’s stock after selling 2,478 shares during the period. Cetera Investment Advisers’ holdings in Schwab Strategic Trust were worth $973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of SCHZ. CENTRAL TRUST Co bought a new position in Schwab Strategic Trust during the 4th quarter worth $107,000. Catalyst Capital Advisors LLC bought a new position in Schwab Strategic Trust during the 4th quarter worth $114,000. Front Row Advisors LLC bought a new position in Schwab Strategic Trust during the 4th quarter worth $152,000. Fort Pitt Capital Group LLC bought a new position in Schwab Strategic Trust during the 4th quarter worth $282,000. Finally, JFS Wealth Advisors LLC grew its stake in Schwab Strategic Trust by 89.1% during the 4th quarter. JFS Wealth Advisors LLC now owns 5,638 shares of the company’s stock worth $293,000 after buying an additional 2,656 shares during the last quarter.

Schwab Strategic Trust (NYSEARCA:SCHZ) opened at $50.88 on Wednesday. Schwab Strategic Trust has a 52 week low of $50.80 and a 52 week high of $52.82.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 7th. Investors of record on Friday, February 2nd were paid a dividend of $0.1176 per share. This is an increase from Schwab Strategic Trust’s previous monthly dividend of $0.10. This represents a $1.41 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, February 1st.

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

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