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) during the 2nd 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 also recently modified their holdings of SCHD. BNP Paribas Financial Markets acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth $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. grew 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 worth about $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 Down 0.1 %

SCHD opened at $84.48 on Wednesday. The firm has a market capitalization 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

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.