Cardinal Point Capital Management ULC Makes New $634,000 Investment in Schwab US Dividend Equity ETF $SCHD

Cardinal Point Capital Management ULC bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,652 shares of the company’s stock, valued at approximately $634,000.

A number of other hedge funds have also bought and sold shares of SCHD. Mountain Hill Investment Partners Corp. grew its holdings in shares of Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after buying an additional 832 shares during the last quarter. Merrithew & Thorsten Inc purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter worth $25,000. Field & Main Bank purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter worth $29,000. Dynamic Wealth Strategies LLC acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000. Finally, Triumph Capital Management acquired a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth about $33,000.

Schwab US Dividend Equity ETF Stock Performance

Schwab US Dividend Equity ETF stock opened at $31.96 on Friday. The business’s 50-day simple moving average is $31.93 and its two-hundred day simple moving average is $30.55. The company has a market cap of $90.72 billion, a PE ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $32.92.

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.