KFG Wealth Management LLC Invests $329,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

KFG Wealth Management LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,079 shares of the company’s stock, valued at approximately $329,000.

Other hedge funds have also made changes to their positions in the company. Voisard Asset Management Group Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000. Raleigh Capital Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $28,000. Signature Resources Capital Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $32,000. Bear Mountain Capital Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $34,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $44,000.

Schwab US Dividend Equity ETF Trading Down 0.3 %

SCHD stock opened at $77.18 on Thursday. The company has a market capitalization of $54.14 billion, a P/E ratio of 15.04 and a beta of 0.74. The firm has a 50 day simple moving average of $78.10 and a 200-day simple moving average of $77.65. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82.

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.