241,159 Shares in Schwab US Dividend Equity ETF $SCHD Purchased by Pinkerton Wealth LLC

Pinkerton Wealth LLC acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 241,159 shares of the company’s stock, valued at approximately $7,845,000. Schwab US Dividend Equity ETF comprises about 1.2% of Pinkerton Wealth LLC’s holdings, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Heritage Investors Management Corp bought a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $251,000. Optima Capital LLC increased its stake in shares of Schwab US Dividend Equity ETF by 40.8% during the 3rd quarter. Optima Capital LLC now owns 27,179 shares of the company’s stock worth $884,000 after purchasing an additional 7,882 shares during the last quarter. Verus Financial Partners Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 1.9% during the 3rd quarter. Verus Financial Partners Inc. now owns 69,093 shares of the company’s stock worth $2,248,000 after purchasing an additional 1,273 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 21.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 723,050 shares of the company’s stock valued at $23,521,000 after purchasing an additional 127,100 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at about $71,569,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $35.78 on Monday. Schwab US Dividend Equity ETF has a 52-week low of $26.32 and a 52-week high of $36.10. The company has a market capitalization of $120.80 billion, a P/E ratio of 14.57 and a beta of 0.68. The company has a 50-day simple moving average of $34.13 and a 200 day simple moving average of $32.32.

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.