Sigma Planning Corp Buys 886,532 Shares of Schwab US Dividend Equity ETF $SCHD

Sigma Planning Corp acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 886,532 shares of the company’s stock, valued at approximately $28,839,000. Schwab US Dividend Equity ETF comprises about 0.7% of Sigma Planning Corp’s portfolio, making the stock its 15th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. IRON Financial LLC acquired a new stake in Schwab US Dividend Equity ETF in the third quarter worth about $6,016,000. Samalin Investment Counsel LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at approximately $5,615,000. Centerpoint Advisory Group increased its position in shares of Schwab US Dividend Equity ETF by 13.4% in the 3rd quarter. Centerpoint Advisory Group now owns 11,521 shares of the company’s stock valued at $375,000 after buying an additional 1,363 shares in the last quarter. Compass Ion Advisors LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth about $1,200,000. Finally, Mainsail Financial Group LLC increased its stake in Schwab US Dividend Equity ETF by 4.3% during the 3rd quarter. Mainsail Financial Group LLC now owns 74,120 shares of the company’s stock worth $2,411,000 after purchasing an additional 3,033 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD opened at $35.27 on Monday. The company’s fifty day simple moving average is $34.07 and its 200 day simple moving average is $32.92. The firm has a market cap of $118.44 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12 month low of $26.32 and a 12 month high of $35.45.

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.