Verus Financial Partners Inc. Raises Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Verus Financial Partners Inc. raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 989,398 shares of the company’s stock after purchasing an additional 20,411 shares during the quarter. Schwab US Dividend Equity ETF makes up about 2.9% of Verus Financial Partners Inc.’s holdings, making the stock its 12th biggest holding. Verus Financial Partners Inc.’s holdings in Schwab US Dividend Equity ETF were worth $25,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gateway Wealth Partners LLC increased its position in Schwab US Dividend Equity ETF by 3.2% during the 1st quarter. Gateway Wealth Partners LLC now owns 12,883 shares of the company’s stock valued at $360,000 after purchasing an additional 400 shares during the period. Clear Point Advisors Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 1.4% during the 1st quarter. Clear Point Advisors Inc. now owns 30,008 shares of the company’s stock valued at $839,000 after buying an additional 404 shares in the last quarter. Valicenti Advisory Services Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 1.5% during the 1st quarter. Valicenti Advisory Services Inc. now owns 28,119 shares of the company’s stock valued at $786,000 after buying an additional 416 shares in the last quarter. May Barnhard Investments LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 1.6% during the 1st quarter. May Barnhard Investments LLC now owns 28,324 shares of the company’s stock valued at $792,000 after buying an additional 447 shares in the last quarter. Finally, Sunflower Bank N.A. boosted its holdings in shares of Schwab US Dividend Equity ETF by 3.3% during the 1st quarter. Sunflower Bank N.A. now owns 14,076 shares of the company’s stock valued at $394,000 after buying an additional 450 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.4%

Shares of SCHD stock opened at $27.02 on Monday. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72. The stock has a market cap of $70.51 billion, a PE ratio of 14.57 and a beta of 0.88. The company’s fifty day moving average price is $26.65 and its 200-day moving average price is $26.97.

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.