MBE Wealth Management LLC Sells 18,011 Shares of Schwab US Dividend Equity ETF $SCHD

MBE Wealth Management LLC decreased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 9.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 167,068 shares of the company’s stock after selling 18,011 shares during the quarter. Schwab US Dividend Equity ETF comprises 2.0% of MBE Wealth Management LLC’s holdings, making the stock its 11th largest position. MBE Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $4,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kozak & Associates Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 476.1% during the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after purchasing an additional 938 shares during the last quarter. PrairieView Partners LLC boosted its position in Schwab US Dividend Equity ETF by 57.3% during the second quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock valued at $33,000 after buying an additional 467 shares during the period. Financial Management Professionals Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 241.9% during the second quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after buying an additional 907 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Schwab US Dividend Equity ETF in the second quarter worth about $39,000. Finally, Independence Bank of Kentucky purchased a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth about $41,000.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $29.04 on Thursday. The business has a 50-day moving average of $27.55 and a 200 day moving average of $27.31. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.11. The stock has a market capitalization of $76.00 billion, a PE ratio of 14.57 and a beta of 0.77.

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.