479,710 Shares in Schwab US Dividend Equity ETF $SCHD Bought by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 479,710 shares of the company’s stock, valued at approximately $15,605,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Capital Wealth Advisors raised its position in shares of Schwab US Dividend Equity ETF by 0.8% during the third quarter. Vanguard Capital Wealth Advisors now owns 38,880 shares of the company’s stock worth $1,265,000 after purchasing an additional 296 shares during the period. Wealth Management Partners LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 1.7% in the 3rd quarter. Wealth Management Partners LLC now owns 18,307 shares of the company’s stock worth $596,000 after purchasing an additional 300 shares in the last quarter. Triumph Capital Management grew its position in Schwab US Dividend Equity ETF by 14.6% in the 3rd quarter. Triumph Capital Management now owns 2,389 shares of the company’s stock valued at $78,000 after purchasing an additional 305 shares during the period. Gemmer Asset Management LLC grew its position in Schwab US Dividend Equity ETF by 1.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 21,618 shares of the company’s stock valued at $686,000 after purchasing an additional 317 shares during the period. Finally, FC Advisory LLC grew its position in Schwab US Dividend Equity ETF by 1.8% in the 3rd quarter. FC Advisory LLC now owns 19,234 shares of the company’s stock valued at $626,000 after purchasing an additional 336 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.5%

Shares of SCHD stock opened at $35.83 on Wednesday. The firm has a fifty day simple moving average of $34.23 and a two-hundred day simple moving average of $32.56. Schwab US Dividend Equity ETF has a 12 month low of $26.60 and a 12 month high of $36.38. The firm has a market capitalization of $121.92 billion, a PE ratio of 19.09 and a beta of 0.66.

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.