Modern Wealth Management LLC Purchases 333,375 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Modern Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1,324.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 358,544 shares of the company’s stock after buying an additional 333,375 shares during the period. Modern Wealth Management LLC owned 0.05% of Schwab US Dividend Equity ETF worth $9,924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. grew its stake in Schwab US Dividend Equity ETF by 6.7% during the third quarter. Citigroup Inc. now owns 170,486 shares of the company’s stock worth $14,411,000 after purchasing an additional 10,724 shares during the period. StoneX Group Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 4.8% during the 3rd quarter. StoneX Group Inc. now owns 13,606 shares of the company’s stock worth $1,150,000 after buying an additional 622 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Schwab US Dividend Equity ETF by 7.2% during the 3rd quarter. Larson Financial Group LLC now owns 26,047 shares of the company’s stock worth $2,202,000 after buying an additional 1,753 shares during the period. Summit Trail Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 103.2% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,183 shares of the company’s stock valued at $523,000 after acquiring an additional 3,140 shares in the last quarter. Finally, Marco Investment Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $264,000.

Schwab US Dividend Equity ETF Trading Up 1.2 %

NYSEARCA:SCHD opened at $28.09 on Tuesday. The firm has a fifty day simple moving average of $27.97 and a two-hundred day simple moving average of $28.13. Schwab US Dividend Equity ETF has a 12 month low of $25.18 and a 12 month high of $29.72. The stock has a market capitalization of $69.66 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86.

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.