Synovus Financial Corp Purchases 25,380 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Synovus Financial Corp boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 148.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,517 shares of the company’s stock after buying an additional 25,380 shares during the quarter. Synovus Financial Corp’s holdings in Schwab US Dividend Equity ETF were worth $3,594,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Colorado Capital Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 1.1% in the third quarter. Colorado Capital Management Inc. now owns 11,596 shares of the company’s stock valued at $980,000 after buying an additional 121 shares during the period. Archer Investment Corp raised its holdings in Schwab US Dividend Equity ETF by 21.7% during the 2nd quarter. Archer Investment Corp now owns 723 shares of the company’s stock worth $56,000 after purchasing an additional 129 shares during the last quarter. Brick & Kyle Associates lifted its position in shares of 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 purchasing an additional 130 shares during the period. Ascent Group LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 1.2% in the 2nd quarter. Ascent Group LLC now owns 12,091 shares of the company’s stock valued at $940,000 after purchasing an additional 145 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its position in shares of Schwab US Dividend Equity ETF by 0.4% during the second quarter. Foundations Investment Advisors LLC now owns 42,870 shares of the company’s stock worth $3,334,000 after buying an additional 158 shares during the period.

Schwab US Dividend Equity ETF Stock Down 0.2 %

Shares of NYSEARCA SCHD opened at $27.26 on Friday. The company has a market capitalization of $19.12 billion, a PE ratio of 15.04 and a beta of 0.74. The firm has a fifty day simple moving average of $28.40 and a 200 day simple moving average of $27.69. Schwab US Dividend Equity ETF has a twelve month low of $24.97 and a twelve month high of $29.72.

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.