Schwab US Dividend Equity ETF $SCHD Position Boosted by Modern Wealth Management LLC

Modern Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 91.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 717,173 shares of the company’s stock after purchasing an additional 342,643 shares during the period. Modern Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $21,881,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. raised its position in Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after acquiring an additional 832 shares in the last quarter. Merrithew & Thorsten Inc acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter worth $25,000. Field & Main Bank acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth about $29,000. Dynamic Wealth Strategies LLC purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $29,000. Finally, Triumph Capital Management acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth $33,000.

Schwab US Dividend Equity ETF Stock Down 0.3%

SCHD stock opened at $32.80 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $26.21 and a 12 month high of $33.50. The firm has a 50 day moving average of $32.34 and a two-hundred day moving average of $31.23. The company has a market capitalization of $100.55 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

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.