Park Avenue Securities LLC Purchases 211,626 Shares of Schwab US Dividend Equity ETF $SCHD

Park Avenue Securities LLC acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 211,626 shares of the company’s stock, valued at approximately $6,884,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCHD. Vanguard Capital Wealth Advisors increased its stake in shares of Schwab US Dividend Equity ETF by 0.8% during the third quarter. Vanguard Capital Wealth Advisors now owns 38,880 shares of the company’s stock worth $1,265,000 after purchasing an additional 296 shares in the last quarter. Wealth Management Partners LLC lifted its stake in Schwab US Dividend Equity ETF by 1.7% in the 3rd quarter. Wealth Management Partners LLC now owns 18,307 shares of the company’s stock valued at $596,000 after buying an additional 300 shares in the last quarter. Triumph Capital Management lifted its stake in Schwab US Dividend Equity ETF by 14.6% in the 3rd quarter. Triumph Capital Management now owns 2,389 shares of the company’s stock valued at $78,000 after buying an additional 305 shares in the last quarter. Gemmer Asset Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 1.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 21,618 shares of the company’s stock worth $686,000 after buying an additional 317 shares during the last quarter. Finally, FC Advisory LLC boosted its holdings in Schwab US Dividend Equity ETF by 1.8% in the 3rd quarter. FC Advisory LLC now owns 19,234 shares of the company’s stock worth $626,000 after buying an additional 336 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.1%

NYSEARCA:SCHD opened at $35.09 on Thursday. Schwab US Dividend Equity ETF has a 12 month low of $26.32 and a 12 month high of $35.45. The stock has a 50 day moving average of $34.10 and a two-hundred day moving average of $32.25. The firm has a market cap of $118.27 billion, a P/E ratio of 14.57 and a beta of 0.68.

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.