Pinnacle Wealth Planning Services Inc. Invests $339,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pinnacle Wealth Planning Services Inc. purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,407 shares of the company’s stock, valued at approximately $339,000.

Other hedge funds have also added to or reduced their stakes in the company. Kennebec Savings Bank bought a new stake in Schwab US Dividend Equity ETF in the third quarter worth $31,000. Legacy Investment Solutions LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $38,000. Phillips Financial Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 144.8% in the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after acquiring an additional 391 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $68,000.

Schwab US Dividend Equity ETF Trading Up 0.1 %

SCHD stock opened at $28.07 on Friday. The firm’s 50-day moving average price is $27.83 and its two-hundred day moving average price is $28.12. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The stock has a market capitalization of $68.77 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

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.