Keudell Morrison Wealth Management Has $46.96 Million Position in Schwab US Dividend Equity ETF $SCHD

Keudell Morrison Wealth Management lowered its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,530,634 shares of the company’s stock after selling 65,184 shares during the period. Schwab US Dividend Equity ETF comprises 9.6% of Keudell Morrison Wealth Management’s holdings, making the stock its biggest holding. Keudell Morrison Wealth Management owned about 0.05% of Schwab US Dividend Equity ETF worth $46,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHD. Elmwood Wealth Management Inc. acquired a new position in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $1,003,000. Bell Bank raised its stake in shares of Schwab US Dividend Equity ETF by 53.3% during the 4th quarter. Bell Bank now owns 104,155 shares of the company’s stock worth $2,857,000 after purchasing an additional 36,212 shares in the last quarter. Aspire Capital Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 2.9% during the 4th quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock worth $29,184,000 after purchasing an additional 30,146 shares during the last quarter. BIP Wealth LLC bought a new position in Schwab US Dividend Equity ETF during the fourth quarter valued at about $1,589,000. Finally, Freestone Capital Holdings LLC raised its stake in shares of Schwab US Dividend Equity ETF by 62.7% in the 4th quarter. Freestone Capital Holdings LLC now owns 42,792 shares of the company’s stock valued at $1,174,000 after acquiring an additional 16,486 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 0.4%

Shares of Schwab US Dividend Equity ETF stock opened at $32.02 on Wednesday. Schwab US Dividend Equity ETF has a 12-month low of $26.16 and a 12-month high of $32.92. The stock has a 50 day moving average price of $31.88 and a two-hundred day moving average price of $30.49. The stock has a market capitalization of $90.90 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.