Paradiem LLC Invests $56.26 Million in Schwab US Dividend Equity ETF $SCHD

Paradiem LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,833,707 shares of the company’s stock, valued at approximately $56,258,000. Schwab US Dividend Equity ETF accounts for about 12.4% of Paradiem LLC’s holdings, making the stock its largest holding. Paradiem LLC owned 0.06% of Schwab US Dividend Equity ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHD. MeadowBrook Investment Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF by 3.3% in the first quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock valued at $312,000 after acquiring an additional 325 shares in the last quarter. Semus Wealth Partners LLC raised its holdings in Schwab US Dividend Equity ETF by 0.7% in the 1st quarter. Semus Wealth Partners LLC now owns 51,317 shares of the company’s stock worth $1,574,000 after purchasing an additional 347 shares in the last quarter. Colorado Capital Management Inc. raised its holdings in Schwab US Dividend Equity ETF by 0.9% in the 4th quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock worth $1,060,000 after purchasing an additional 362 shares in the last quarter. First Pacific Financial lifted its position in shares of Schwab US Dividend Equity ETF by 8.9% in the 1st quarter. First Pacific Financial now owns 4,681 shares of the company’s stock worth $144,000 after purchasing an additional 383 shares during the period. Finally, International Private Wealth Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 3.3% in the 4th quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock worth $340,000 after purchasing an additional 397 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $32.40 on Monday. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $32.92. The firm’s 50-day moving average price is $32.17 and its 200-day moving average price is $30.91. The firm has a market capitalization of $98.40 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.