Sagace Wealth Management LLC Invests $1.66 Million in Schwab US Dividend Equity ETF $SCHD

Sagace Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 53,973 shares of the company’s stock, valued at approximately $1,656,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at $25,000. Field & Main Bank purchased a new stake in Schwab US Dividend Equity ETF in the 4th quarter valued at $29,000. Dynamic Wealth Strategies LLC bought a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000. Finally, Triumph Capital Management bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at $33,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $32.54 on Wednesday. The company has a fifty day moving average price of $32.11 and a 200-day moving average price of $30.81. The firm has a market cap of $98.32 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 1 year low of $26.21 and a 1 year high of $32.92.

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.