Evanson Financial LLC Makes New $2.35 Million Investment in Schwab US Dividend Equity ETF $SCHD

Evanson Financial LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the second quarter, Holdings Channel.com reports. The fund purchased 74,231 shares of the company’s stock, valued at approximately $2,354,000.

Several other hedge funds have also recently modified their holdings of SCHD. Mountain Hill Investment Partners Corp. raised its position in shares of Schwab US Dividend Equity ETF by 1,241.8% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc acquired a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at approximately $25,000. Field & Main Bank purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $29,000. Ashton Thomas Securities LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the first quarter worth $32,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth $29,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $33.70 on Friday. The stock’s fifty day moving average price is $32.59 and its 200 day moving average price is $31.59. Schwab US Dividend Equity ETF has a 1 year low of $26.32 and a 1 year high of $34.24. The company has a market cap of $104.70 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67.

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.