Verus Financial Partners Inc. Has $2.27 Million Stake in Schwab US Dividend Equity ETF $SCHD

Verus Financial Partners Inc. lowered its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 17.7% in the first quarter, HoldingsChannel.com reports. The firm owned 73,754 shares of the company’s stock after selling 15,869 shares during the quarter. Verus Financial Partners Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SCHD. Pegasus Asset Management Inc. grew its position in shares of Schwab US Dividend Equity ETF by 7.9% during the 1st quarter. Pegasus Asset Management Inc. now owns 11,906 shares of the company’s stock worth $365,000 after purchasing an additional 875 shares in the last quarter. Cottage Street Advisors LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.6% in the first quarter. Cottage Street Advisors LLC now owns 57,586 shares of the company’s stock valued at $1,767,000 after buying an additional 907 shares in the last quarter. Payne Capital LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 1,281.3% in the first quarter. Payne Capital LLC now owns 236,418 shares of the company’s stock valued at $7,253,000 after buying an additional 219,303 shares during the period. Dagco Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 12.2% in the first quarter. Dagco Inc. now owns 782,084 shares of the company’s stock valued at $23,994,000 after buying an additional 84,872 shares during the period. Finally, KFG Wealth Management LLC grew its position in Schwab US Dividend Equity ETF by 20.1% during the first quarter. KFG Wealth Management LLC now owns 99,685 shares of the company’s stock worth $3,058,000 after buying an additional 16,687 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $31.96 on Friday. The stock’s fifty day moving average price is $31.93 and its two-hundred day moving average price is $30.55. Schwab US Dividend Equity ETF has a one year low of $26.21 and a one year high of $32.92. The firm has a market cap of $90.72 billion, a PE ratio of 14.57 and a beta of 0.67.

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.