Valley National Advisers Inc. Buys New Holdings in Schwab US Dividend Equity ETF $SCHD

Valley National Advisers Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 279,208 shares of the company’s stock, valued at approximately $9,083,000. Schwab US Dividend Equity ETF comprises approximately 1.0% of Valley National Advisers Inc.’s holdings, making the stock its 22nd biggest position.

A number of other institutional investors have also recently made changes to their positions in SCHD. Byrne Asset Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF during the second quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. bought a new position in Schwab US Dividend Equity ETF in the 2nd quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in Schwab US Dividend Equity ETF in the 1st quarter valued at approximately $32,000. Signature Resources Capital Management LLC boosted its stake in Schwab US Dividend Equity ETF by 53.8% during the 1st quarter. Signature Resources Capital Management LLC now owns 1,430 shares of the company’s stock valued at $44,000 after purchasing an additional 500 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter valued at $72,000.

Schwab US Dividend Equity ETF Trading Down 0.4%

Schwab US Dividend Equity ETF stock opened at $35.27 on Friday. The firm has a market cap of $118.28 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The stock has a fifty day simple moving average of $34.07 and a two-hundred day simple moving average of $32.90. Schwab US Dividend Equity ETF has a 12 month low of $26.32 and a 12 month high of $35.45.

About Schwab US Dividend Equity ETF

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.