MFA Wealth Services Invests $9.15 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

MFA Wealth Services bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 334,940 shares of the company’s stock, valued at approximately $9,151,000. Schwab US Dividend Equity ETF accounts for 7.3% of MFA Wealth Services’ investment portfolio, making the stock its 2nd biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Central Pacific Bank Trust Division increased its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after acquiring an additional 604 shares during the period. Hoese & Co LLP bought a new stake in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $26,000. IFS Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after buying an additional 699 shares during the last quarter. Kennebec Savings Bank bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Finally, Olistico Wealth LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 202.2% during the fourth quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 748 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.6 %

SCHD opened at $28.09 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $25.16 and a 1-year high of $29.72. The stock has a market capitalization of $19.71 billion, a PE ratio of 15.04 and a beta of 0.74. The firm has a 50-day moving average price of $28.13 and a two-hundred day moving average price of $27.87.

Schwab US Dividend Equity ETF Company 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.