SteelPeak Wealth LLC Invests $795,000 in Schwab US Dividend Equity ETF $SCHD

SteelPeak Wealth LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 29,107 shares of the company’s stock, valued at approximately $795,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Kozak & Associates Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 476.1% in the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock worth $31,000 after purchasing an additional 938 shares in the last quarter. PrairieView Partners LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 57.3% during the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after purchasing an additional 467 shares in the last quarter. Financial Management Professionals Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after buying an additional 907 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Schwab US Dividend Equity ETF in the 2nd quarter worth about $39,000. Finally, Independence Bank of Kentucky purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth about $41,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $27.73 on Friday. The company’s 50-day simple moving average is $27.28 and its two-hundred day simple moving average is $27.21. The stock has a market capitalization of $71.71 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 52-week low of $23.87 and a 52-week high of $28.84.

Schwab US Dividend Equity ETF Company 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.