MBE Wealth Management LLC Acquires 31,018 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

MBE Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,215 shares of the company’s stock after buying an additional 31,018 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 0.7% of MBE Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding. MBE Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,263,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SCHD. Orgel Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 159.8% during the 4th quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after buying an additional 6,804,908 shares in the last quarter. Keystone Financial Planning Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 188.6% during the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after buying an additional 3,506,729 shares in the last quarter. LVW Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 203.4% during the 4th quarter. LVW Advisors LLC now owns 3,597,636 shares of the company’s stock worth $98,287,000 after buying an additional 2,412,003 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Schwab US Dividend Equity ETF by 192.7% during the 4th quarter. Fifth Third Bancorp now owns 3,038,718 shares of the company’s stock worth $83,018,000 after buying an additional 2,000,527 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of Schwab US Dividend Equity ETF by 217.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 2,173,729 shares of the company’s stock worth $59,386,000 after buying an additional 1,488,281 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.4 %

Schwab US Dividend Equity ETF stock opened at $28.45 on Tuesday. The company’s 50 day moving average price is $28.10 and its two-hundred day moving average price is $27.92. Schwab US Dividend Equity ETF has a 52 week low of $25.16 and a 52 week high of $29.72. The stock has a market cap of $19.96 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.