Pinnacle Bancorp Inc. Sells 409 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pinnacle Bancorp Inc. lessened its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,017 shares of the company’s stock after selling 409 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Raleigh Capital Management Inc. bought a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $28,000. Voisard Asset Management Group Inc. bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Signature Resources Capital Management LLC bought a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $32,000. Bear Mountain Capital Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $34,000. Finally, Venturi Wealth Management LLC purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter worth about $44,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD traded up $0.49 during midday trading on Friday, reaching $77.76. 3,531,564 shares of the company’s stock traded hands, compared to its average volume of 3,305,000. The stock has a 50 day moving average of $78.12 and a 200 day moving average of $77.57. The company has a market cap of $54.55 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $80.82.

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.