Foguth Wealth Management LLC. Acquires 188,533 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Foguth Wealth Management LLC. boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 259.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 261,167 shares of the company’s stock after acquiring an additional 188,533 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.9% of Foguth Wealth Management LLC.’s holdings, making the stock its 15th biggest holding. Foguth Wealth Management LLC.’s holdings in Schwab US Dividend Equity ETF were worth $7,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Legacy Investment Solutions LLC bought a new stake in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $34,000. Barrett & Company Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at $34,000. Cassady Schiller Wealth Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $38,000. Finally, Phillips Financial Management LLC grew its stake in shares of Schwab US Dividend Equity ETF by 144.8% in the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after purchasing an additional 391 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.1 %

Shares of NYSEARCA:SCHD opened at $27.76 on Wednesday. The firm has a market cap of $19.47 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month high of $29.72. The business has a fifty day simple moving average of $27.98 and a 200 day simple moving average of $27.97.

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.