SageView Advisory Group LLC Raises Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

SageView Advisory Group LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 504.2% in the first quarter, Holdings Channel reports. The fund owned 33,319 shares of the company’s stock after purchasing an additional 27,804 shares during the quarter. SageView Advisory Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,687,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new stake in Schwab US Dividend Equity ETF in the first quarter worth about $25,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in Schwab US Dividend Equity ETF in the first quarter worth about $26,000. Voisard Asset Management Group Inc. purchased a new stake in Schwab US Dividend Equity ETF in the fourth quarter worth about $29,000. Westside Investment Management Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the first quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $32,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock traded down $0.76 during mid-day trading on Thursday, hitting $81.56. 3,671,410 shares of the stock traded hands, compared to its average volume of 3,300,024. The stock has a market cap of $57.21 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock’s fifty day moving average is $78.33 and its two-hundred day moving average is $77.86. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $82.94.

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.