Cannon Financial Strategists Inc. Buys Shares of 5,208 Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cannon Financial Strategists Inc. purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,208 shares of the company’s stock, valued at approximately $405,000.

Several other institutional investors have also made changes to their positions in SCHD. Archer Investment Corp lifted its position in Schwab US Dividend Equity ETF by 21.7% in the 2nd quarter. Archer Investment Corp now owns 723 shares of the company’s stock worth $56,000 after buying an additional 129 shares in the last quarter. Brick & Kyle Associates lifted its position in Schwab US Dividend Equity ETF by 2.9% in the 2nd quarter. Brick & Kyle Associates now owns 4,551 shares of the company’s stock worth $354,000 after buying an additional 130 shares in the last quarter. PDS Planning Inc lifted its position in Schwab US Dividend Equity ETF by 2.2% in the 1st quarter. PDS Planning Inc now owns 6,203 shares of the company’s stock worth $500,000 after buying an additional 132 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in Schwab US Dividend Equity ETF by 1.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 13,177 shares of the company’s stock worth $1,062,000 after buying an additional 133 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 4.2% in the 1st quarter. Resonant Capital Advisors LLC now owns 3,316 shares of the company’s stock worth $267,000 after buying an additional 135 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.1 %

SCHD stock opened at $84.48 on Wednesday. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $85.24. The company has a market cap of $59.26 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The company has a 50 day moving average of $82.63 and a two-hundred day moving average of $79.91.

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.