Pinnacle Wealth Management Advisory Group LLC Sells 12,855 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pinnacle Wealth Management Advisory Group LLC decreased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 305,215 shares of the company’s stock after selling 12,855 shares during the period. Schwab US Dividend Equity ETF makes up approximately 2.7% of Pinnacle Wealth Management Advisory Group LLC’s investment portfolio, making the stock its 7th largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $23,236,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. LPL Financial LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 4.7% in the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after acquiring an additional 503,970 shares during the last quarter. Charles Schwab Investment Advisory Inc. lifted its stake in Schwab US Dividend Equity ETF by 0.5% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 9,680,868 shares of the company’s stock worth $737,004,000 after purchasing an additional 45,013 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 3.7% during the third quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock worth $527,798,000 after buying an additional 266,516 shares during the period. Envestnet Asset Management Inc. grew 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 valued at $408,896,000 after buying an additional 145,168 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Schwab US Dividend Equity ETF by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,349,008 shares of the company’s stock valued at $307,736,000 after buying an additional 95,086 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.5 %

Schwab US Dividend Equity ETF stock traded up $0.41 during midday trading on Thursday, reaching $78.92. 2,058,797 shares of the stock traded hands, compared to its average volume of 3,528,294. The firm has a market cap of $55.21 billion, a PE ratio of 14.82 and a beta of 0.77. The company has a 50-day simple moving average of $78.35 and a two-hundred day simple moving average of $75.63. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $80.82.

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.