Balboa Wealth Partners Grows Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Balboa Wealth Partners grew its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 132.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,578 shares of the company’s stock after acquiring an additional 10,586 shares during the quarter. Balboa Wealth Partners’ holdings in Schwab US Dividend Equity ETF were worth $519,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHD. Ritter Daniher Financial Advisory LLC DE lifted its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 975 shares of the company’s stock worth $27,000 after buying an additional 650 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Schwab US Dividend Equity ETF during the first quarter worth approximately $27,000. Moisand Fitzgerald Tamayo LLC lifted its position in Schwab US Dividend Equity ETF by 294.3% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after buying an additional 777 shares in the last quarter. PFG Private Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after buying an additional 686 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $26.70 on Tuesday. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $29.72. The company has a market capitalization of $69.42 billion, a P/E ratio of 14.34 and a beta of 0.80. The stock’s fifty day moving average is $26.12 and its two-hundred day moving average is $27.06.

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.