Verus Financial Partners Inc. Sells 15,869 Shares of Schwab US Dividend Equity ETF $SCHD

Verus Financial Partners Inc. decreased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 17.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,754 shares of the company’s stock after selling 15,869 shares during the quarter. Verus Financial Partners Inc.’s holdings in Schwab US Dividend Equity ETF were worth $2,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHD. Pegasus Asset Management Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 7.9% during the 1st quarter. Pegasus Asset Management Inc. now owns 11,906 shares of the company’s stock worth $365,000 after buying an additional 875 shares during the last quarter. Cottage Street Advisors LLC raised its holdings in Schwab US Dividend Equity ETF by 1.6% in the 1st quarter. Cottage Street Advisors LLC now owns 57,586 shares of the company’s stock valued at $1,767,000 after acquiring an additional 907 shares during the period. Payne Capital LLC raised its holdings in Schwab US Dividend Equity ETF by 1,281.3% in the 1st quarter. Payne Capital LLC now owns 236,418 shares of the company’s stock valued at $7,253,000 after acquiring an additional 219,303 shares during the period. Dagco Inc. lifted its position in Schwab US Dividend Equity ETF by 12.2% during the first quarter. Dagco Inc. now owns 782,084 shares of the company’s stock worth $23,994,000 after acquiring an additional 84,872 shares during the last quarter. Finally, KFG Wealth Management LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 20.1% during the first quarter. KFG Wealth Management LLC now owns 99,685 shares of the company’s stock worth $3,058,000 after acquiring an additional 16,687 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.8%

Schwab US Dividend Equity ETF stock opened at $31.96 on Friday. The company has a market capitalization of $90.72 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $32.92. The stock’s 50 day moving average is $31.93 and its 200-day moving average is $30.55.

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.