OMC Financial Services LTD Makes New $424,000 Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

OMC Financial Services LTD bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 1st quarter, Holdings Channel reports. The fund bought 5,258 shares of the company’s stock, valued at approximately $424,000.

Several other institutional investors also recently made changes to their positions in the stock. AMG National Trust Bank boosted its position in shares of Schwab US Dividend Equity ETF by 0.3% during the 4th quarter. AMG National Trust Bank now owns 47,802 shares of the company’s stock worth $3,639,000 after purchasing an additional 130 shares in the last quarter. PDS Planning Inc raised its stake in shares of Schwab US Dividend Equity ETF by 2.2% during the 1st quarter. PDS Planning Inc now owns 6,203 shares of the company’s stock worth $500,000 after buying an additional 132 shares during the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Schwab US Dividend Equity ETF by 1.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 13,177 shares of the company’s stock worth $1,062,000 after buying an additional 133 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of Schwab US Dividend Equity ETF by 2.9% during the 4th quarter. Bogart Wealth LLC now owns 4,784 shares of the company’s stock worth $364,000 after buying an additional 135 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 4.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 3,316 shares of the company’s stock worth $267,000 after buying an additional 135 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 1.2 %

Shares of NYSEARCA:SCHD traded down $0.96 during midday trading on Friday, hitting $80.80. 3,486,897 shares of the stock were exchanged, compared to its average volume of 3,273,164. The stock has a market cap of $56.68 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $83.19. The company has a 50 day moving average price of $78.85 and a 200-day moving average price of $78.28.

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.