Sagespring Wealth Partners LLC Makes New $2 Million Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sagespring Wealth Partners LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 73,125 shares of the company’s stock, valued at approximately $1,998,000.

Other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after purchasing an additional 428 shares in the last quarter. Bernardo Wealth Planning LLC grew its position in Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock valued at $366,000 after buying an additional 498 shares during the period. Central Pacific Bank Trust Division increased its holdings in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after buying an additional 604 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares during the period. Finally, PFG Private Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after acquiring an additional 686 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.3 %

NYSEARCA:SCHD opened at $25.30 on Monday. The stock has a market capitalization of $63.76 billion, a PE ratio of 17.12 and a beta of 0.86. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72. The stock’s 50-day moving average price is $27.47 and its 200-day moving average price is $27.96.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a $0.2488 dividend. The ex-dividend date was Wednesday, March 26th.

Schwab US Dividend Equity ETF Company 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.