Pacific Sage Partners LLC Invests $245,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Pacific Sage Partners LLC purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,756 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Wealth Group LLC raised its stake in Schwab US Dividend Equity ETF by 134.8% in the first quarter. Cornerstone Wealth Group LLC now owns 44,668 shares of the company’s stock valued at $1,249,000 after purchasing an additional 25,642 shares in the last quarter. Balboa Wealth Partners raised its stake in Schwab US Dividend Equity ETF by 132.5% in the first quarter. Balboa Wealth Partners now owns 18,578 shares of the company’s stock valued at $519,000 after purchasing an additional 10,586 shares in the last quarter. Win Advisors Inc. purchased a new stake in Schwab US Dividend Equity ETF in the first quarter valued at approximately $4,117,000. St. Johns Investment Management Company LLC raised its stake in Schwab US Dividend Equity ETF by 0.5% in the first quarter. St. Johns Investment Management Company LLC now owns 213,825 shares of the company’s stock valued at $5,979,000 after purchasing an additional 1,030 shares in the last quarter. Finally, Ledyard National Bank raised its stake in Schwab US Dividend Equity ETF by 7.0% in the first quarter. Ledyard National Bank now owns 641,941 shares of the company’s stock valued at $17,949,000 after purchasing an additional 41,996 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD opened at $26.70 on Tuesday. The firm’s 50 day simple moving average is $26.12 and its 200 day simple moving average is $27.06. The company has a market capitalization of $69.42 billion, a P/E ratio of 14.34 and a beta of 0.80. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72.

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.