Schwab US Dividend Equity ETF (NYSEARCA:SCHD) is Keudell Morrison Wealth Management’s Largest Position

Keudell Morrison Wealth Management raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 220.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 801,757 shares of the company’s stock after purchasing an additional 551,743 shares during the quarter. Schwab US Dividend Equity ETF accounts for 5.7% of Keudell Morrison Wealth Management’s portfolio, making the stock its biggest position. Keudell Morrison Wealth Management owned 0.11% of Schwab US Dividend Equity ETF worth $21,904,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division grew its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares during the last quarter. Hoese & Co LLP purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter valued at about $26,000. IFS Advisors LLC increased its holdings in Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares during the period. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $31,000. Finally, Olistico Wealth LLC lifted its holdings in Schwab US Dividend Equity ETF by 202.2% in the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after buying an additional 748 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $27.98 on Friday. The stock has a market capitalization of $19.63 billion, a PE ratio of 15.04 and a beta of 0.74. The stock’s 50 day moving average price is $28.07 and its 200-day moving average price is $27.94. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72.

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.