Steelhead Wealth Management LLC Invests $1.52 Million in Schwab US Dividend Equity ETF $SCHD

Steelhead Wealth Management LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 49,685 shares of the company’s stock, valued at approximately $1,524,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. increased its position in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares in the last quarter. Merrithew & Thorsten Inc purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $25,000. Field & Main Bank acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000. Dynamic Wealth Strategies LLC purchased a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth $29,000. Finally, Ashton Thomas Securities LLC purchased a new position in Schwab US Dividend Equity ETF in the first quarter valued at about $32,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $33.47 on Monday. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $34.24. The company has a market capitalization of $103.72 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The business has a 50-day moving average of $32.51 and a 200-day moving average of $31.46.

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.