Newman Dignan & Sheerar Inc. purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 884,316 shares of the company’s stock, valued at approximately $28,767,000. Schwab US Dividend Equity ETF makes up about 5.5% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 3rd largest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Management Resources Inc. acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $31,433,000. Benchmark Financial Wealth Advisors LLC lifted its holdings in Schwab US Dividend Equity ETF by 5.4% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 340,535 shares of the company’s stock worth $11,078,000 after acquiring an additional 17,377 shares during the last quarter. Carnegie Investment Counsel acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $17,875,000. Pinnacle Associates Ltd. boosted its stake in Schwab US Dividend Equity ETF by 2.6% in the third quarter. Pinnacle Associates Ltd. now owns 1,566,898 shares of the company’s stock valued at $50,971,000 after acquiring an additional 39,789 shares during the period. Finally, Ironwood Financial llc acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $1,519,000.
Schwab US Dividend Equity ETF Trading Up 1.3%
NYSEARCA:SCHD opened at $34.69 on Wednesday. The firm has a market capitalization of $116.04 billion, a PE ratio of 14.57 and a beta of 0.68. The stock has a 50 day moving average of $34.02 and a 200-day moving average of $32.82. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31.
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.
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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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