PNC Financial Services Group Inc. Acquires 139,990 Shares of Schwab US Dividend Equity ETF $SCHD

PNC Financial Services Group Inc. boosted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 115.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 261,328 shares of the company’s stock after acquiring an additional 139,990 shares during the period. PNC Financial Services Group Inc.’s holdings in Schwab US Dividend Equity ETF were worth $6,925,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SCHD. Kozak & Associates Inc. increased its position in shares of Schwab US Dividend Equity ETF by 476.1% during the second quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after buying an additional 938 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after purchasing an additional 907 shares during the last quarter. PrairieView Partners LLC boosted its holdings in Schwab US Dividend Equity ETF by 57.3% in the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after acquiring an additional 467 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $39,000. Finally, Keystone Global Partners LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $56,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD opened at $27.24 on Monday. The firm has a market cap of $70.44 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The business has a 50-day simple moving average of $27.08 and a two-hundred day simple moving average of $26.92. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72.

Schwab US Dividend Equity ETF 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.