MOKAN Wealth Management Inc. Invests $3.84 Million in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

MOKAN Wealth Management Inc. acquired a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 140,532 shares of the company’s stock, valued at approximately $3,839,000. Schwab US Dividend Equity ETF makes up 2.4% of MOKAN Wealth Management Inc.’s portfolio, making the stock its 14th largest holding.

A number of other institutional investors have also made changes to their positions in SCHD. Alpha Financial Partners LLC acquired a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at $1,283,000. Creative Planning raised its position in shares of Schwab US Dividend Equity ETF by 1.9% during the third quarter. Creative Planning now owns 1,341,298 shares of the company’s stock worth $113,380,000 after acquiring an additional 24,491 shares during the last quarter. Orgel Wealth Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.7% during the third quarter. Orgel Wealth Management LLC now owns 4,257,335 shares of the company’s stock worth $359,873,000 after acquiring an additional 70,852 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Schwab US Dividend Equity ETF by 59.1% during the third quarter. Stratos Wealth Partners LTD. now owns 341,754 shares of the company’s stock worth $28,888,000 after purchasing an additional 126,919 shares during the period. Finally, Stratos Wealth Advisors LLC grew its stake in shares of Schwab US Dividend Equity ETF by 6.2% during the third quarter. Stratos Wealth Advisors LLC now owns 54,011 shares of the company’s stock worth $4,566,000 after purchasing an additional 3,140 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.2 %

NYSEARCA:SCHD opened at $27.79 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The stock has a market cap of $19.49 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The stock has a 50-day moving average price of $27.72 and a two-hundred day moving average price of $28.00.

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.