Bangor Savings Bank Makes New Investment in Schwab US Dividend Equity ETF $SCHD

Bangor Savings Bank purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,233 shares of the company’s stock, valued at approximately $2,480,000.

Other hedge funds also recently added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in Schwab US Dividend Equity ETF during the second quarter valued at $26,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter worth about $32,000. Investment Counsel Co. of Nevada acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $38,000. Finally, Signature Resources Capital Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 53.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 1,430 shares of the company’s stock valued at $44,000 after buying an additional 500 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD traded up $0.13 during trading on Tuesday, reaching $32.85. 19,863,109 shares of the company’s stock traded hands, compared to its average volume of 22,454,807. The stock has a market capitalization of $108.95 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12 month low of $26.32 and a 12 month high of $35.31. The company has a 50 day moving average of $34.07 and a 200-day moving average of $32.59.

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.