Maloon Powers Pitre Higgins & Dennehy LLC Makes New $966,000 Investment in Schwab US Dividend Equity ETF $SCHD

Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,473 shares of the company’s stock, valued at approximately $966,000.

Several other institutional investors and hedge funds have also modified their holdings of SCHD. Byrne Asset Management LLC acquired a new stake in Schwab US Dividend Equity ETF during the second quarter valued at $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth about $27,000. Merrithew & Thorsten Inc purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 1st quarter valued at about $32,000. Finally, Dynamic Wealth Strategies LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at about $29,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $34.80 on Friday. The business has a 50 day simple moving average of $33.63 and a 200 day simple moving average of $32.25. Schwab US Dividend Equity ETF has a 52 week low of $26.32 and a 52 week high of $35.31. The stock has a market cap of $108.12 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.