Schwab US Dividend Equity ETF $SCHD Shares Purchased by Financial Management Professionals Inc.

Financial Management Professionals Inc. increased its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 241.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,282 shares of the company’s stock after purchasing an additional 907 shares during the period. Financial Management Professionals Inc.’s holdings in Schwab US Dividend Equity ETF were worth $34,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Lederer & Associates Investment Counsel CA raised its position in shares of Schwab US Dividend Equity ETF by 1.5% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 25,162 shares of the company’s stock worth $667,000 after purchasing an additional 375 shares during the last quarter. Cowa LLC raised its holdings in Schwab US Dividend Equity ETF by 0.3% in the 1st quarter. Cowa LLC now owns 121,867 shares of the company’s stock valued at $3,407,000 after acquiring an additional 394 shares during the last quarter. Gateway Wealth Partners LLC raised its holdings in Schwab US Dividend Equity ETF by 3.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 12,883 shares of the company’s stock valued at $360,000 after acquiring an additional 400 shares during the last quarter. Clear Point Advisors Inc. raised its holdings in Schwab US Dividend Equity ETF by 1.4% in the 1st quarter. Clear Point Advisors Inc. now owns 30,008 shares of the company’s stock valued at $839,000 after acquiring an additional 404 shares during the last quarter. Finally, Mirador Capital Partners LP raised its holdings in Schwab US Dividend Equity ETF by 2.0% in the 2nd quarter. Mirador Capital Partners LP now owns 20,644 shares of the company’s stock valued at $547,000 after acquiring an additional 404 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $27.16 on Thursday. The stock has a fifty day moving average of $27.32 and a two-hundred day moving average of $26.79. The company has a market capitalization of $70.84 billion, a PE ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two 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.