Modern Wealth Management LLC Acquires 342,643 Shares of Schwab US Dividend Equity ETF $SCHD

Modern Wealth Management LLC raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 91.5% in the first quarter, Holdings Channel reports. The institutional investor owned 717,173 shares of the company’s stock after buying an additional 342,643 shares during the quarter. Modern Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $21,881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of SCHD. MeadowBrook Investment Advisors LLC increased its position in Schwab US Dividend Equity ETF by 3.3% during the first quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock worth $312,000 after acquiring an additional 325 shares during the period. Semus Wealth Partners LLC grew its position in Schwab US Dividend Equity ETF by 0.7% in the 1st quarter. Semus Wealth Partners LLC now owns 51,317 shares of the company’s stock worth $1,574,000 after purchasing an additional 347 shares during the last quarter. Harmony Asset Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 3.8% during the 1st quarter. Harmony Asset Management LLC now owns 9,585 shares of the company’s stock worth $294,000 after purchasing an additional 354 shares during the period. Colorado Capital Management Inc. raised its position in shares of Schwab US Dividend Equity ETF by 0.9% during the fourth quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after buying an additional 362 shares during the last quarter. Finally, Commonwealth Financial Services LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.8% during the first quarter. Commonwealth Financial Services LLC now owns 20,837 shares of the company’s stock valued at $639,000 after buying an additional 374 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $32.80 on Friday. Schwab US Dividend Equity ETF has a twelve month low of $26.21 and a twelve month high of $33.50. The stock has a market cap of $100.55 billion, a PE ratio of 14.57 and a beta of 0.68. The firm has a 50-day simple moving average of $32.34 and a 200 day simple moving average of $31.23.

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.