Founders Capital Management Invests $44,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Founders Capital Management acquired a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 600 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors also recently made changes to their positions in SCHD. Graham Capital Wealth Management LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the first quarter valued at approximately $254,597,000. Tradewinds Capital Management LLC acquired a new position in Schwab US Dividend Equity ETF during the first quarter valued at approximately $26,000. O Shaughnessy Asset Management LLC raised its position in Schwab US Dividend Equity ETF by 115.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 353 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Sage Mountain Advisors LLC raised its position in Schwab US Dividend Equity ETF by 75.9% during the first quarter. Sage Mountain Advisors LLC now owns 475 shares of the company’s stock valued at $35,000 after purchasing an additional 205 shares in the last quarter. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $38,000.

Schwab US Dividend Equity ETF Price Performance

SCHD traded down $0.22 during trading on Friday, hitting $74.12. 600,839 shares of the stock traded hands, compared to its average volume of 3,127,062. Schwab US Dividend Equity ETF has a twelve month low of $65.96 and a twelve month high of $79.49. The company has a market cap of $48.79 billion, a price-to-earnings ratio of 14.38 and a beta of 0.88. The business has a 50 day moving average price of $74.08 and a 200 day moving average price of $72.70.

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.