Peregrine Asset Advisers Inc. Invests $220,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Peregrine Asset Advisers Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,888 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 4.7% during the third quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after purchasing an additional 503,970 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 3.7% during the 3rd quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after acquiring an additional 266,516 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock worth $408,896,000 after acquiring an additional 145,168 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Schwab US Dividend Equity ETF by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 4,349,008 shares of the company’s stock worth $307,736,000 after acquiring an additional 95,086 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Schwab US Dividend Equity ETF by 11.8% during the third quarter. Royal Bank of Canada now owns 4,280,883 shares of the company’s stock valued at $302,916,000 after purchasing an additional 451,744 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.2 %

SCHD stock traded up $0.19 during mid-day trading on Monday, hitting $78.16. The stock had a trading volume of 3,494,271 shares, compared to its average volume of 3,569,077. Schwab US Dividend Equity ETF has a 1-year low of $66.67 and a 1-year high of $80.82. The company has a fifty day moving average of $78.32 and a 200 day moving average of $75.55. The stock has a market capitalization of $54.68 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77.

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.