Valmark Advisers Inc. Increases Holdings in Schwab US Dividend Equity ETF $SCHD

Valmark Advisers Inc. raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.5% in the first quarter, HoldingsChannel reports. The firm owned 2,665,661 shares of the company’s stock after buying an additional 38,194 shares during the quarter. Schwab US Dividend Equity ETF makes up 1.0% of Valmark Advisers Inc.’s investment portfolio, making the stock its 21st biggest position. Valmark Advisers Inc.’s holdings in Schwab US Dividend Equity ETF were worth $81,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mountain Hill Investment Partners Corp. increased its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after buying an additional 832 shares during the period. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth $25,000. Field & Main Bank purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth $29,000. Dynamic Wealth Strategies LLC bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at $29,000. Finally, Triumph Capital Management bought a new stake in Schwab US Dividend Equity ETF in the third quarter valued at $33,000.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock traded up $0.14 during mid-day trading on Friday, reaching $32.40. 14,149,522 shares of the company traded hands, compared to its average volume of 22,244,186. Schwab US Dividend Equity ETF has a 52-week low of $26.21 and a 52-week high of $32.92. The firm has a market capitalization of $98.40 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The firm’s 50 day moving average price is $32.17 and its 200 day moving average price is $30.88.

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.