JMG Financial Group Ltd. Buys 4,323 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

JMG Financial Group Ltd. grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,954 shares of the company’s stock after buying an additional 4,323 shares during the quarter. JMG Financial Group Ltd.’s holdings in Schwab US Dividend Equity ETF were worth $1,443,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SCHD. National Bank of Canada FI boosted its position in Schwab US Dividend Equity ETF by 78.8% during the third quarter. National Bank of Canada FI now owns 1,427 shares of the company’s stock valued at $100,000 after buying an additional 629 shares during the period. Capital Investment Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 5.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 33,824 shares of the company’s stock worth $2,393,000 after purchasing an additional 1,773 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 21.6% in the 3rd quarter. DAVENPORT & Co LLC now owns 64,321 shares of the company’s stock worth $4,551,000 after purchasing an additional 11,436 shares in the last quarter. Founders Financial Securities LLC lifted its position in Schwab US Dividend Equity ETF by 7.2% during the third quarter. Founders Financial Securities LLC now owns 428,878 shares of the company’s stock valued at $30,347,000 after purchasing an additional 28,883 shares during the period. Finally, Advisors Management Group Inc. ADV grew its stake in shares of Schwab US Dividend Equity ETF by 2.1% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 29,141 shares of the company’s stock valued at $2,062,000 after purchasing an additional 611 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD traded up $0.48 during trading on Tuesday, hitting $77.72. The company had a trading volume of 2,505,684 shares, compared to its average volume of 3,649,406. The stock has a 50 day simple moving average of $78.25 and a 200 day simple moving average of $75.11. The firm has a market capitalization of $54.46 billion, a P/E ratio of 15.00 and a beta of 0.79. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82.

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.