Cannon Financial Strategists Inc. invests $405,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cannon Financial Strategists Inc. purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report ) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,208 shares of the company’s stock, valued at approximately $405,000.

Several other hedge funds have recently modified their holdings of SCHD. BNP Paribas Financial Markets purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $354,000. Peapack Gladstone Financial Corp boosted its holdings in Schwab US Dividend Equity ETF by 4.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 24,225 shares of the company’s stock valued at $1,845,000 after acquiring an additional 1,028 shares during the period. Holderness Investments Co. raised its position in shares of Schwab US Dividend Equity ETF by 10.3% in the fourth quarter. Holderness Investments Co. now owns 5,626 shares of the company’s stock valued at $428,000 after purchasing an additional 527 shares during the last quarter. Fairview Capital Investment Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $570,000. Finally, Trademark Financial Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $1,643,000.

Schwab US Dividend Equity ETF Stock Drops 0.1%

SCHD opened at $84.48 on Wednesday. The firm has a market cap of $59.26 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock’s 50-day moving average price is $82.63, and its two-hundred-day moving average price is $79.91. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $85.24.

Schwab US Dividend Equity ETF Profile

(Free Report)

The Schwab US Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones US Dividend 100 Index, a market capitalization-weighted index of 100 US dividend-paying stocks. SCHD was launched on October 20, 2011 and is managed by Schwab.

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