GGM Financials LLC Takes Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

GGM Financials LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,724 shares of the company’s stock, valued at approximately $445,000.

Other large investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new position in Schwab US Dividend Equity ETF during the first quarter worth about $25,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Schwab US Dividend Equity ETF in the first quarter worth approximately $26,000. Iron Horse Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF in the second quarter valued at approximately $26,000. PFG Private Wealth Management LLC bought a new stake in Schwab US Dividend Equity ETF during the second quarter valued at approximately $27,000. Finally, Olistico Wealth LLC purchased a new position in Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $28,000.

Schwab US Dividend Equity ETF Trading Up 0.8 %

Shares of Schwab US Dividend Equity ETF stock traded up $0.67 on Friday, hitting $84.53. 2,472,968 shares of the company traded hands, compared to its average volume of 3,212,576. Schwab US Dividend Equity ETF has a 12-month low of $66.67 and a 12-month high of $84.57. The firm’s 50-day simple moving average is $80.47 and its 200 day simple moving average is $78.98. The company has a market cap of $59.30 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.