Schwab US Dividend Equity ETF $SCHD Shares Newly Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, Holdings Channel.com reports. The firm purchased 279,208 shares of the company’s stock, valued at approximately $9,083,000. Schwab US Dividend Equity ETF comprises 1.0% of Valley National Advisers Inc.’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds have also recently made changes to their positions in the stock. Bernardo Wealth Planning LLC raised its stake in Schwab US Dividend Equity ETF by 55.7% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 42,994 shares of the company’s stock valued at $1,399,000 after buying an additional 15,381 shares during the last quarter. Richardson Capital Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $12,896,000. Norris Perne & French LLP MI purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $221,000. Signaturefd LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $1,097,000. Finally, BG Investment Services LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 11.7% in the third quarter. BG Investment Services LLC now owns 75,995 shares of the company’s stock worth $2,472,000 after acquiring an additional 7,952 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $35.27 on Friday. The firm has a market capitalization of $118.28 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a one year low of $26.32 and a one year high of $35.45. The business has a fifty day moving average of $34.07 and a 200 day moving average of $32.90.

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.