Shira Ridge Wealth Management Buys New Shares in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Shira Ridge Wealth Management purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,806 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHD. Tradewinds Capital Management LLC acquired a new position in Schwab US Dividend Equity ETF in the 1st quarter worth approximately $26,000. O Shaughnessy Asset Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 115.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 353 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the period. Sage Mountain Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 75.9% in the first quarter. Sage Mountain Advisors LLC now owns 475 shares of the company’s stock worth $35,000 after acquiring an additional 205 shares during the period. Founders Capital Management purchased a new position in shares of Schwab US Dividend Equity ETF during the second quarter worth $44,000. Finally, Riggs Asset Managment Co. Inc. acquired a new position in Schwab US Dividend Equity ETF during the first quarter valued at $56,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $73.64 on Tuesday. The firm has a market capitalization of $48.47 billion, a P/E ratio of 14.38 and a beta of 0.88. The stock has a 50-day simple moving average of $74.14 and a two-hundred day simple moving average of $72.66. Schwab US Dividend Equity ETF has a fifty-two week low of $65.96 and a fifty-two week high of $79.49.

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.