Next Level Wealth Planning LLC Makes New $8.94 Million Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Next Level Wealth Planning LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 327,211 shares of the company’s stock, valued at approximately $8,939,000. Schwab US Dividend Equity ETF makes up about 7.0% of Next Level Wealth Planning LLC’s portfolio, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHD. Central Pacific Bank Trust Division increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at $26,000. IFS Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at $31,000. Finally, Olistico Wealth LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 202.2% in the fourth quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 748 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $27.79 on Friday. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The company has a market cap of $19.49 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm’s fifty day moving average price is $27.72 and its two-hundred day moving average price is $28.00.

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.