Maloon Powers Pitre Higgins & Dennehy LLC Makes New Investment in Schwab US Dividend Equity ETF $SCHD

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,473 shares of the company’s stock, valued at approximately $966,000.

A number of other hedge funds have also made changes to their positions in SCHD. MeadowBrook Investment Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 3.3% in the 1st 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 boosted its position in Schwab US Dividend Equity ETF by 0.7% during the first 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 during the period. Harmony Asset Management LLC grew its holdings in Schwab US Dividend Equity ETF by 3.8% during the first quarter. Harmony Asset Management LLC now owns 9,585 shares of the company’s stock valued at $294,000 after purchasing an additional 354 shares during the last quarter. Commonwealth Financial Services LLC grew its holdings in Schwab US Dividend Equity ETF by 1.8% during the first quarter. Commonwealth Financial Services LLC now owns 20,837 shares of the company’s stock valued at $639,000 after purchasing an additional 374 shares during the last quarter. Finally, First Pacific Financial raised its position in shares of Schwab US Dividend Equity ETF by 8.9% in the first quarter. First Pacific Financial now owns 4,681 shares of the company’s stock valued at $144,000 after purchasing an additional 383 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.8%

Shares of Schwab US Dividend Equity ETF stock opened at $34.80 on Friday. The firm has a fifty day simple moving average of $33.63 and a 200-day simple moving average of $32.25. Schwab US Dividend Equity ETF has a 1-year low of $26.32 and a 1-year high of $35.31. The stock has a market capitalization of $108.12 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.