Spinnaker Investment Group LLC Purchases 227,418 Shares of Schwab US Dividend Equity ETF $SCHD

Spinnaker Investment Group LLC boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,843,388 shares of the company’s stock after acquiring an additional 227,418 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 9.5% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Spinnaker Investment Group LLC owned approximately 0.07% of Schwab US Dividend Equity ETF worth $50,325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kozak & Associates Inc. lifted its stake in Schwab US Dividend Equity ETF by 476.1% in the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after purchasing an additional 938 shares during the last quarter. Financial Management Professionals Inc. raised its stake in Schwab US Dividend Equity ETF by 241.9% in the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after buying an additional 907 shares during the period. PrairieView Partners LLC lifted its position in shares of Schwab US Dividend Equity ETF by 57.3% in the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after buying an additional 467 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $39,000. Finally, Independence Bank of Kentucky acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $41,000.

Schwab US Dividend Equity ETF Trading Down 0.1%

SCHD opened at $27.46 on Friday. The stock’s fifty day simple moving average is $27.14 and its 200 day simple moving average is $27.15. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $28.84. The stock has a market cap of $71.01 billion, a PE ratio of 14.57 and a beta of 0.77.

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.