Cornerstone Wealth Group LLC Makes New $366,000 Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Cornerstone Wealth Group LLC purchased a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,543 shares of the company’s stock, valued at approximately $366,000.

A number of other large investors have also bought and sold shares of SCHD. Voisard Asset Management Group Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $29,000. Raleigh Capital Management Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $28,000. Signature Resources Capital Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $32,000. Bear Mountain Capital Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $34,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $44,000.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $77.76 on Monday. The stock has a market capitalization of $54.55 billion, a P/E ratio of 15.04 and a beta of 0.74. The company has a 50-day moving average price of $78.12 and a 200-day moving average price of $77.62. Schwab US Dividend Equity ETF has a 1 year low of $66.67 and a 1 year high of $80.82.

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.