Steelhead Wealth Management LLC Acquires Shares of 49,685 Schwab US Dividend Equity ETF $SCHD

Steelhead Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 49,685 shares of the company’s stock, valued at approximately $1,524,000.

Other institutional investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC increased its holdings in Schwab US Dividend Equity ETF by 52.2% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the last quarter. Paradiem LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at approximately $56,258,000. Cibc World Market Inc. grew its position in shares of Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after buying an additional 1,694,144 shares in the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $43,773,000. Finally, Baer Investment Advisory LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the first quarter worth $46,847,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $33.47 on Monday. The company has a market capitalization of $103.72 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $34.24. The company’s fifty day moving average price is $32.51 and its two-hundred day moving average price is $31.46.

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.