Pinnacle Wealth Management Group Inc. Acquires New Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pinnacle Wealth Management Group Inc. acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHDFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,089 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 45.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 58,752 shares of the company’s stock worth $4,569,000 after buying an additional 18,220 shares during the last quarter. Fairfield Financial Advisors LTD bought a new position in Schwab US Dividend Equity ETF in the 2nd quarter worth about $39,000. Mesirow Financial Investment Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 2.0% during the second quarter. Mesirow Financial Investment Management Inc. now owns 131,525 shares of the company’s stock worth $10,234,000 after purchasing an additional 2,521 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $5,054,000. Finally, Wulff Hansen & CO. increased its stake in shares of Schwab US Dividend Equity ETF by 8,405.3% in the second quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock worth $113,175,000 after buying an additional 1,438,322 shares during the period.

Schwab US Dividend Equity ETF Trading Up 1.1 %

Shares of Schwab US Dividend Equity ETF stock opened at $27.30 on Tuesday. The firm has a market capitalization of $19.15 billion, a P/E ratio of 15.04 and a beta of 0.74. The business has a fifty day simple moving average of $28.27 and a two-hundred day simple moving average of $27.78. Schwab US Dividend Equity ETF has a 12 month low of $24.97 and a 12 month high of $29.72.

Schwab US Dividend Equity ETF Company Profile

(Free Report)

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.

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Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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