Level Wealth Management LLC Invests $760,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Level Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 27,836 shares of the company’s stock, valued at approximately $760,000. Schwab US Dividend Equity ETF accounts for 0.5% of Level Wealth Management LLC’s portfolio, making the stock its 18th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Life Insurance Co. boosted its stake in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after purchasing an additional 17,880,000 shares during the period. Orgel Wealth Management LLC boosted its position in Schwab US Dividend Equity ETF by 159.8% in the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock valued at $302,220,000 after buying an additional 6,804,908 shares during the period. Keystone Financial Planning Inc. boosted its position in Schwab US Dividend Equity ETF by 188.6% in the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after buying an additional 3,506,729 shares during the period. LVW Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 203.4% in the 4th quarter. LVW Advisors LLC now owns 3,597,636 shares of the company’s stock worth $98,287,000 after acquiring an additional 2,412,003 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Schwab US Dividend Equity ETF by 192.7% during the fourth quarter. Fifth Third Bancorp now owns 3,038,718 shares of the company’s stock worth $83,018,000 after acquiring an additional 2,000,527 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $27.83 on Friday. The stock has a 50 day moving average price of $28.02 and a 200 day moving average price of $27.96. The firm has a market capitalization of $19.52 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72.

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.