MinichMacGregor Wealth Management LLC Takes Position in Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD)

MinichMacGregor Wealth Management LLC purchased a new stake in shares of Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 352 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedmont Private Capital raised its holdings in Schwab U.S. Dividend Equity ETF by 97.9% in the 4th quarter. Wedmont Private Capital now owns 23,944 shares of the company’s stock worth $1,859,000 after purchasing an additional 11,846 shares during the period. Martin Capital Partners LLC raised its holdings in Schwab U.S. Dividend Equity ETF by 6.7% in the 4th quarter. Martin Capital Partners LLC now owns 13,348 shares of the company’s stock worth $1,008,000 after purchasing an additional 838 shares during the period. Capital Investment Advisors LLC raised its holdings in Schwab U.S. Dividend Equity ETF by 0.9% in the 4th quarter. Capital Investment Advisors LLC now owns 32,020 shares of the company’s stock worth $2,419,000 after purchasing an additional 295 shares during the period. West Oak Capital LLC raised its holdings in Schwab U.S. Dividend Equity ETF by 1.1% in the 4th quarter. West Oak Capital LLC now owns 21,130 shares of the company’s stock worth $1,596,000 after purchasing an additional 232 shares during the period. Finally, Future Financial Wealth Managment LLC raised its holdings in Schwab U.S. Dividend Equity ETF by 48.2% in the 4th quarter. Future Financial Wealth Managment LLC now owns 20,684 shares of the company’s stock worth $1,562,000 after purchasing an additional 6,730 shares during the period.

Schwab U.S. Dividend Equity ETF Stock Performance

Shares of Schwab U.S. Dividend Equity ETF stock opened at $70.51 on Friday. Schwab U.S. Dividend Equity ETF has a one year low of $65.96 and a one year high of $81.01. The stock’s fifty day moving average is $75.69 and its 200 day moving average is $74.21. The stock has a market cap of $42.86 billion, a P/E ratio of 14.38 and a beta of 0.90.

About Schwab U.S. Dividend Equity ETF

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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.