MFA Wealth Advisors LLC Has $41.48 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

MFA Wealth Advisors LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,483,443 shares of the company’s stock after purchasing an additional 5,364 shares during the period. Schwab US Dividend Equity ETF makes up approximately 10.3% of MFA Wealth Advisors LLC’s holdings, making the stock its 2nd largest holding. MFA Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $41,477,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of Schwab US Dividend Equity ETF by 569.6% in the fourth quarter. Bank of America Corp DE now owns 49,630,784 shares of the company’s stock valued at $1,355,913,000 after buying an additional 42,218,696 shares during the last quarter. LPL Financial LLC raised its stake in shares of Schwab US Dividend Equity ETF by 214.9% in the fourth quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $592,939,000. Avantax Advisory Services Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after purchasing an additional 17,501,170 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 208.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,626,674 shares of the company’s stock valued at $536,201,000 after purchasing an additional 13,264,762 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $26.72 on Wednesday. The firm has a 50 day simple moving average of $26.02 and a 200 day simple moving average of $27.14. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $29.72. The firm has a market cap of $69.47 billion, a P/E ratio of 15.93 and a beta of 0.82.

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.