Norden Group LLC Takes $416,000 Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Norden Group LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,165 shares of the company’s stock, valued at approximately $416,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Raleigh Capital Management Inc. purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at about $28,000. Voisard Asset Management Group Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $29,000. Signature Resources Capital Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $32,000. Westside Investment Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter worth approximately $32,000. Finally, Bear Mountain Capital Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $34,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $78.80 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The business’s 50 day moving average price is $78.09 and its two-hundred day moving average price is $77.71. The company has a market capitalization of $55.28 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.