Pinnacle Financial Partners Inc Purchases 133,052 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pinnacle Financial Partners Inc boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 183.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,750 shares of the company’s stock after acquiring an additional 133,052 shares during the period. Pinnacle Financial Partners Inc’s holdings in Schwab US Dividend Equity ETF were worth $5,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. boosted its holdings in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after purchasing an additional 17,880,000 shares in the last quarter. Orgel Wealth Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 159.8% during the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after purchasing an additional 6,804,908 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 210.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,755,912 shares of the company’s stock valued at $157,252,000 after purchasing an additional 3,900,238 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in Schwab US Dividend Equity ETF by 9,346.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 3,576,526 shares of the company’s stock valued at $97,711,000 after purchasing an additional 3,538,664 shares in the last quarter. Finally, Keystone Financial Planning Inc. boosted its holdings in Schwab US Dividend Equity ETF by 188.6% during the fourth quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after purchasing an additional 3,506,729 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.4 %

NYSEARCA SCHD opened at $28.21 on Friday. The stock’s 50 day moving average is $27.69 and its two-hundred day moving average is $28.03. The company has a market capitalization of $69.11 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72.

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.