Valmark Advisers Inc. Has $76.40 Million Stock Position in Schwab US Dividend Equity ETF $SCHD

Valmark Advisers Inc. raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,798,648 shares of the company’s stock after purchasing an additional 70,757 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.0% of Valmark Advisers Inc.’s holdings, making the stock its 23rd biggest position. Valmark Advisers Inc. owned about 0.11% of Schwab US Dividend Equity ETF worth $76,403,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHD. Kozak & Associates Inc. grew its stake in shares of 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 buying an additional 938 shares in the last quarter. PrairieView Partners LLC lifted its stake in 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 acquiring an additional 467 shares during the last quarter. Financial Management Professionals Inc. grew its position 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 worth $34,000 after acquiring an additional 907 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth $39,000. Finally, Independence Bank of Kentucky acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $41,000.

Schwab US Dividend Equity ETF Trading Up 0.5%

SCHD stock opened at $28.55 on Friday. The firm has a market cap of $74.65 billion, a PE ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $28.84. The company has a fifty day simple moving average of $27.41 and a 200 day simple moving average of $27.26.

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.