FMA Wealth Management LLC Purchases 62,908 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

FMA Wealth Management LLC grew its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 202.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 94,024 shares of the company’s stock after buying an additional 62,908 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 1.9% of FMA Wealth Management LLC’s portfolio, making the stock its 18th largest position. FMA Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,569,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $31,000. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $34,000. Barrett & Company Inc. bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $34,000. Cassady Schiller Wealth Management LLC bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth $38,000. Finally, Phillips Financial Management LLC increased its position 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 period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $28.18 on Thursday. Schwab US Dividend Equity ETF has a 52 week low of $25.18 and a 52 week high of $29.72. The stock has a market capitalization of $69.04 billion, a P/E ratio of 17.48 and a beta of 0.88. The stock’s fifty day moving average is $27.69 and its 200 day moving average is $28.01.

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.