Peregrine Asset Advisers Inc. Purchases 27,285 Shares of Schwab US Dividend Equity ETF $SCHD

Peregrine Asset Advisers Inc. increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 57.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 75,082 shares of the company’s stock after purchasing an additional 27,285 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,990,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Schwab US Dividend Equity ETF by 42.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,161,943 shares of the company’s stock valued at $30,791,000 after acquiring an additional 346,577 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 364.3% in the 2nd quarter. Westside Investment Management Inc. now owns 6,821 shares of the company’s stock valued at $184,000 after acquiring an additional 5,352 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Schwab US Dividend Equity ETF by 10.0% in the 2nd quarter. Bank of Montreal Can now owns 105,794 shares of the company’s stock valued at $2,804,000 after acquiring an additional 9,623 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Schwab US Dividend Equity ETF by 1.4% in the 2nd quarter. Sigma Planning Corp now owns 895,068 shares of the company’s stock valued at $23,719,000 after acquiring an additional 12,224 shares in the last quarter. Finally, Redwood Wealth Management Group LLC bought a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at $204,000.

Schwab US Dividend Equity ETF Trading Up 0.3%

Schwab US Dividend Equity ETF stock opened at $26.75 on Monday. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72. The firm has a market capitalization of $69.25 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The firm’s fifty day moving average price is $27.27 and its two-hundred day moving average price is $26.83.

Schwab US Dividend Equity ETF Company 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.