Pinnacle Associates Ltd. Acquires 39,789 Shares of Schwab US Dividend Equity ETF $SCHD

Pinnacle Associates Ltd. increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,566,898 shares of the company’s stock after purchasing an additional 39,789 shares during the period. Pinnacle Associates Ltd.’s holdings in Schwab US Dividend Equity ETF were worth $50,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ironwood Financial llc bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $1,519,000. Harfst & Associates Inc. acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $278,000. Sensible Money LLC grew its stake in Schwab US Dividend Equity ETF by 62.7% during the third quarter. Sensible Money LLC now owns 23,276 shares of the company’s stock worth $757,000 after buying an additional 8,972 shares during the last quarter. Zullo Investment Group Inc. grew its stake in Schwab US Dividend Equity ETF by 4.8% during the third quarter. Zullo Investment Group Inc. now owns 141,591 shares of the company’s stock worth $4,606,000 after buying an additional 6,422 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its stake in Schwab US Dividend Equity ETF by 6.0% during the third quarter. Diversify Advisory Services LLC now owns 211,368 shares of the company’s stock worth $7,208,000 after buying an additional 12,003 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.3%

NYSEARCA SCHD opened at $34.69 on Wednesday. The firm has a market cap of $116.04 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The company has a 50 day moving average of $34.02 and a 200-day moving average of $32.82. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.31.

Schwab US Dividend Equity ETF 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.