Wealth Management Resources Inc. Acquires 558,995 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Wealth Management Resources Inc. grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 182.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 865,387 shares of the company’s stock after purchasing an additional 558,995 shares during the quarter. Schwab US Dividend Equity ETF accounts for 8.7% of Wealth Management Resources Inc.’s portfolio, making the stock its 5th largest position. Wealth Management Resources Inc. owned about 0.12% of Schwab US Dividend Equity ETF worth $23,642,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th 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 period. Hoese & Co LLP acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $26,000. IFS Advisors LLC grew its stake in 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 in the last quarter. Kennebec Savings Bank acquired a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $31,000. Finally, Olistico Wealth LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 202.2% during the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 748 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $28.07 on Friday. The company has a market cap of $19.69 billion, a PE ratio of 15.04 and a beta of 0.74. The stock has a 50-day moving average of $28.10 and a 200-day moving average of $27.89. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72.

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.