Sugarloaf Wealth Management LLC Buys New Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Sugarloaf Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,602 shares of the company’s stock, valued at approximately $189,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHD. Cambridge Investment Research Advisors Inc. increased its stake in Schwab US Dividend Equity ETF by 4.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,117,744 shares of the company’s stock worth $153,791,000 after acquiring an additional 92,046 shares during the last quarter. Whitener Capital Management Inc. increased its stake in Schwab US Dividend Equity ETF by 21.5% in the 2nd quarter. Whitener Capital Management Inc. now owns 21,028 shares of the company’s stock worth $1,527,000 after acquiring an additional 3,722 shares during the last quarter. Phocas Financial Corp. increased its stake in Schwab US Dividend Equity ETF by 12.2% in the 2nd quarter. Phocas Financial Corp. now owns 11,743 shares of the company’s stock worth $853,000 after acquiring an additional 1,275 shares during the last quarter. Covenant Asset Management LLC increased its stake in Schwab US Dividend Equity ETF by 6.9% in the 2nd quarter. Covenant Asset Management LLC now owns 4,232 shares of the company’s stock worth $307,000 after acquiring an additional 273 shares during the last quarter. Finally, Herbst Group LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth approximately $550,000.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock traded down $0.33 on Tuesday, reaching $73.29. The company had a trading volume of 1,418,804 shares, compared to its average volume of 3,126,808. The firm has a market cap of $48.24 billion, a price-to-earnings ratio of 14.38 and a beta of 0.88. Schwab US Dividend Equity ETF has a 1 year low of $65.96 and a 1 year high of $79.49. The firm’s 50-day moving average price is $74.14 and its two-hundred day moving average price is $72.66.

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.