Pinnacle Wealth Management Group Inc. Makes New Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pinnacle Wealth Management Group Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 9,089 shares of the company’s stock, valued at approximately $248,000.

Other large investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in Schwab US Dividend Equity ETF by 45.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,752 shares of the company’s stock worth $4,569,000 after purchasing an additional 18,220 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth about $39,000. Mesirow Financial Investment Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 2.0% during the second quarter. Mesirow Financial Investment Management Inc. now owns 131,525 shares of the company’s stock worth $10,234,000 after buying an additional 2,521 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $5,054,000. Finally, Wulff Hansen & CO. boosted its holdings in Schwab US Dividend Equity ETF by 8,405.3% in the second quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock valued at $113,175,000 after purchasing an additional 1,438,322 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $27.30 on Tuesday. The stock’s fifty day moving average is $28.27 and its two-hundred day moving average is $27.78. The stock has a market cap of $19.15 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $24.97 and a 1-year high of $29.72.

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.