Cornerstone Wealth LLC TN Acquires Shares of 16,458 Schwab US Dividend Equity ETF $SCHD

Cornerstone Wealth LLC TN purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,458 shares of the company’s stock, valued at approximately $515,000.

Other hedge funds have also bought and sold shares of the company. Twin Lakes Capital Management LLC acquired a new stake in Schwab US Dividend Equity ETF during the first quarter valued at $90,000. Edgestream Partners L.P. increased its holdings in Schwab US Dividend Equity ETF by 121.5% in the first quarter. Edgestream Partners L.P. now owns 76,242 shares of the company’s stock valued at $2,339,000 after buying an additional 41,818 shares in the last quarter. Financial Insights Inc. raised its position in shares of Schwab US Dividend Equity ETF by 3.4% in the first quarter. Financial Insights Inc. now owns 941,050 shares of the company’s stock worth $28,871,000 after acquiring an additional 31,377 shares during the period. Chesapeake Wealth Management raised its position in shares of Schwab US Dividend Equity ETF by 7.2% in the first quarter. Chesapeake Wealth Management now owns 109,837 shares of the company’s stock worth $3,370,000 after acquiring an additional 7,399 shares during the period. Finally, Centaurus Financial Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 25.2% during the 1st quarter. Centaurus Financial Inc. now owns 158,806 shares of the company’s stock worth $4,872,000 after acquiring an additional 31,917 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.2%

NYSEARCA:SCHD opened at $33.83 on Thursday. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $34.24. The stock has a market capitalization of $104.48 billion, a PE ratio of 14.57 and a beta of 0.68. The stock’s 50-day moving average price is $32.47 and its 200-day moving average price is $31.39.

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.