Schwab US Dividend Equity ETF $SCHD Stake Increased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,566,898 shares of the company’s stock after buying an additional 39,789 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Schwab US Dividend Equity ETF were worth $50,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new position in Schwab US Dividend Equity ETF during the 2nd quarter worth about $26,000. DiNuzzo Private Wealth Inc. bought a new stake in Schwab US Dividend Equity ETF during the 2nd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in Schwab US Dividend Equity ETF during the 1st quarter worth about $32,000. Signature Resources Capital Management LLC grew its holdings in Schwab US Dividend Equity ETF by 53.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 1,430 shares of the company’s stock worth $44,000 after acquiring an additional 500 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its position in Schwab US Dividend Equity ETF by 35.7% in the 1st quarter. Hanson & Doremus Investment Management now owns 2,001 shares of the company’s stock valued at $61,000 after acquiring an additional 526 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.3%

SCHD opened at $34.69 on Wednesday. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.31. The stock has a market capitalization of $116.04 billion, a PE ratio of 14.57 and a beta of 0.68. The firm has a 50-day moving average price of $34.02 and a two-hundred day moving average price of $32.82.

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.