Gradient Investments LLC Buys 209 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Gradient Investments LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,737 shares of the company’s stock after purchasing an additional 209 shares during the period. Gradient Investments LLC’s holdings in Schwab US Dividend Equity ETF were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHD. Manchester Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at about $25,000. SRS Capital Advisors Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter valued at about $25,000. Capital Directions Investment Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at about $26,000. Rehmann Capital Advisory Group bought a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at about $30,000. Finally, Financial Management Professionals Inc. raised its position in shares of Schwab US Dividend Equity ETF by 482.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 600 shares of the company’s stock valued at $32,000 after buying an additional 497 shares in the last quarter.

Shares of NYSEARCA SCHD opened at $54.47 on Friday. The firm’s 50-day moving average price is $54.03 and its 200-day moving average price is $53.21. Schwab US Dividend Equity ETF has a 12-month low of $44.03 and a 12-month high of $55.93.

The firm also recently announced a — dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.4855 per share. This represents a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, September 25th.

Further Reading: Special Dividends

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Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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