Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by Steele Capital Management Inc.

Steele Capital Management Inc. raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 438,363 shares of the company’s stock after purchasing an additional 19,744 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 2.0% of Steele Capital Management Inc.’s investment portfolio, making the stock its 15th biggest holding. Steele Capital Management Inc. owned about 0.06% of Schwab US Dividend Equity ETF worth $35,345,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SCHD. Raleigh Capital Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $28,000. Voisard Asset Management Group Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $29,000. Signature Resources Capital Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $32,000. Bear Mountain Capital Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $34,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $44,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD traded down $0.35 during mid-day trading on Monday, hitting $77.41. The stock had a trading volume of 5,535,356 shares, compared to its average volume of 3,322,899. The company has a 50 day moving average of $78.12 and a two-hundred day moving average of $77.64. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The firm has a market cap of $54.30 billion, a PE ratio of 15.04 and a beta of 0.74.

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.