PFG Advisors Grows Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

PFG Advisors increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 196.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 694,966 shares of the company’s stock after purchasing an additional 460,674 shares during the quarter. Schwab US Dividend Equity ETF accounts for 1.2% of PFG Advisors’ holdings, making the stock its 10th biggest holding. PFG Advisors’ holdings in Schwab US Dividend Equity ETF were worth $18,986,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Kennebec Savings Bank bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $31,000. Phillips Financial Management LLC grew its position in Schwab US Dividend Equity ETF by 144.8% in the 3rd quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after acquiring an additional 391 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at $34,000. Anchor Investment Management LLC grew its position in Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after acquiring an additional 428 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC grew its position in Schwab US Dividend Equity ETF by 1.7% in the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 25,276 shares of the company’s stock valued at $2,137,000 after acquiring an additional 430 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 2.3 %

Shares of Schwab US Dividend Equity ETF stock opened at $27.74 on Wednesday. The stock’s fifty day moving average is $27.88 and its two-hundred day moving average is $28.14. The company has a market capitalization of $68.80 billion, a PE ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72.

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.