Whitener Capital Management Inc. Makes New Investment in Schwab US Dividend Equity ETF $SCHD

Whitener Capital Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 68,218 shares of the company’s stock, valued at approximately $2,219,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. R2 Capital Strategies LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 4.2% in the 3rd quarter. R2 Capital Strategies LLC now owns 29,053 shares of the company’s stock valued at $945,000 after acquiring an additional 1,161 shares during the last quarter. Uptown Financial Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 18.2% during the 3rd quarter. Uptown Financial Advisors LLC now owns 15,066 shares of the company’s stock worth $490,000 after acquiring an additional 2,316 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its stake in Schwab US Dividend Equity ETF by 21.9% during the third quarter. Fortitude Advisory Group L.L.C. now owns 24,954 shares of the company’s stock worth $812,000 after purchasing an additional 4,475 shares during the last quarter. First Merchants Corp purchased a new stake in Schwab US Dividend Equity ETF during the third quarter worth approximately $6,218,000. Finally, Saxony Capital Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the third quarter worth approximately $1,085,000.

Schwab US Dividend Equity ETF Stock Up 1.2%

Shares of SCHD opened at $34.10 on Friday. The stock has a 50 day moving average price of $34.00 and a 200 day moving average price of $32.74. The company has a market capitalization of $113.92 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $35.31.

About Schwab US Dividend Equity ETF

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.