Schwab US Dividend Equity ETF $SCHD Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 27.4% in the third quarter, HoldingsChannel.com reports. The fund owned 294,294 shares of the company’s stock after purchasing an additional 63,244 shares during the period. Modern Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,034,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SCHD. Biltmore Family Office LLC lifted its position in shares of Schwab US Dividend Equity ETF by 116.4% during the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after purchasing an additional 524 shares in the last quarter. Reyes Financial Architecture Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 1,903.1% in the third quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after purchasing an additional 1,237 shares in the last quarter. Independence Bank of Kentucky purchased a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $41,000. True Wealth Design LLC increased its stake in Schwab US Dividend Equity ETF by 42.9% during the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock worth $41,000 after buying an additional 450 shares during the period. Finally, Total Investment Management Inc. acquired a new stake in Schwab US Dividend Equity ETF during the 2nd quarter worth approximately $43,000.

Schwab US Dividend Equity ETF Stock Down 0.4%

Shares of SCHD stock opened at $31.13 on Friday. Schwab US Dividend Equity ETF has a 52 week low of $23.87 and a 52 week high of $31.95. The stock has a market capitalization of $81.88 billion, a PE ratio of 14.57 and a beta of 0.77. The firm has a 50 day moving average of $29.98 and a two-hundred day moving average of $28.24.

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.