Financial Sense Advisors Inc. Invests $6.60 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Financial Sense Advisors Inc. bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 1st quarter, Holdings Channel.com reports. The fund bought 81,907 shares of the company’s stock, valued at approximately $6,604,000. Schwab US Dividend Equity ETF accounts for approximately 2.2% of Financial Sense Advisors Inc.’s investment portfolio, making the stock its 10th largest position.

Several other large investors also recently bought and sold shares of the stock. Whitaker Myers Wealth Managers LTD. boosted its holdings in shares of Schwab US Dividend Equity ETF by 12.3% in the 4th quarter. Whitaker Myers Wealth Managers LTD. now owns 203,264 shares of the company’s stock valued at $15,475,000 after buying an additional 22,221 shares in the last quarter. FMR LLC boosted its stake in Schwab US Dividend Equity ETF by 22.7% in the third quarter. FMR LLC now owns 64,312 shares of the company’s stock valued at $4,551,000 after acquiring an additional 11,906 shares in the last quarter. Traynor Capital Management Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 53.6% during the first quarter. Traynor Capital Management Inc. now owns 6,140 shares of the company’s stock worth $495,000 after purchasing an additional 2,142 shares during the last quarter. Apexium Financial LP increased its position in shares of Schwab US Dividend Equity ETF by 27.0% during the fourth quarter. Apexium Financial LP now owns 287,086 shares of the company’s stock worth $21,856,000 after purchasing an additional 60,972 shares in the last quarter. Finally, Procyon Advisors LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 9.9% in the 4th quarter. Procyon Advisors LLC now owns 4,440 shares of the company’s stock valued at $338,000 after purchasing an additional 401 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.3 %

NYSEARCA:SCHD opened at $77.18 on Thursday. The company has a market capitalization of $54.14 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $80.82. The stock’s 50 day moving average price is $78.10 and its 200 day moving average price is $77.65.

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.