PFG Advisors Purchases New Stake in Schwab US Dividend Equity ETF $SCHD

PFG Advisors purchased a new stake in shares of 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 purchased 756,647 shares of the company’s stock, valued at approximately $20,656,000. Schwab US Dividend Equity ETF accounts for approximately 0.8% of PFG Advisors’ holdings, making the stock its 15th largest holding.

A number of other large investors have also added to or reduced their stakes in SCHD. Advisory Resource Group lifted its stake in Schwab US Dividend Equity ETF by 4.4% in the second quarter. Advisory Resource Group now owns 59,500 shares of the company’s stock worth $1,577,000 after acquiring an additional 2,520 shares during the period. First Command Advisory Services Inc. increased its position in Schwab US Dividend Equity ETF by 7.6% during the 3rd quarter. First Command Advisory Services Inc. now owns 1,107,033 shares of the company’s stock valued at $30,222,000 after purchasing an additional 77,785 shares during the period. BG Investment Services Inc. raised its holdings in Schwab US Dividend Equity ETF by 82.8% in the 3rd quarter. BG Investment Services Inc. now owns 62,076 shares of the company’s stock worth $1,695,000 after purchasing an additional 28,109 shares in the last quarter. DMKC Advisory Services LLC raised its holdings in Schwab US Dividend Equity ETF by 10.6% in the 3rd quarter. DMKC Advisory Services LLC now owns 219,680 shares of the company’s stock worth $5,997,000 after purchasing an additional 20,989 shares in the last quarter. Finally, AE Wealth Management LLC raised its holdings in Schwab US Dividend Equity ETF by 13.2% in the 2nd quarter. AE Wealth Management LLC now owns 321,104 shares of the company’s stock worth $8,509,000 after purchasing an additional 37,403 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.4%

NYSEARCA:SCHD opened at $31.13 on Monday. The company has a 50-day moving average price of $29.98 and a 200-day moving average price of $28.24. The stock has a market cap of $81.88 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $31.95.

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.