PFG Advisors Buys New Shares in Schwab US Dividend Equity ETF $SCHD

PFG Advisors bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 756,647 shares of the company’s stock, valued at approximately $20,656,000. Schwab US Dividend Equity ETF accounts for approximately 0.8% of PFG Advisors’ investment portfolio, making the stock its 15th biggest holding.

Several other institutional investors have also added to or reduced their stakes in SCHD. Rakuten Investment Management Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $1,127,144,000. Sumitomo Life Insurance Co. bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $847,665,000. Cibc World Market Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 243.5% in the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after acquiring an additional 3,777,339 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Schwab US Dividend Equity ETF by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after acquiring an additional 1,217,005 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Schwab US Dividend Equity ETF by 18.0% during the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock valued at $180,178,000 after acquiring an additional 1,005,469 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $31.13 on Monday. The stock’s 50 day simple moving average is $29.98 and its 200 day simple moving average is $28.24. The firm has a market cap of $81.88 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $31.95.

Schwab US Dividend Equity ETF Company Profile

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.