Adamsbrown Wealth Consultants LLC Has $41.89 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 204.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,533,215 shares of the company’s stock after purchasing an additional 1,029,912 shares during the period. Schwab US Dividend Equity ETF comprises 14.3% of Adamsbrown Wealth Consultants LLC’s portfolio, making the stock its biggest holding. Adamsbrown Wealth Consultants LLC owned about 0.22% of Schwab US Dividend Equity ETF worth $41,887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division increased its holdings in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $26,000. IFS Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after purchasing an additional 699 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $31,000. Finally, Olistico Wealth LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 202.2% in the fourth quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 748 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.83 on Monday. The firm has a 50 day simple moving average of $28.02 and a 200 day simple moving average of $27.96. Schwab US Dividend Equity ETF has a fifty-two week low of $25.16 and a fifty-two week high of $29.72. The firm has a market cap of $19.52 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.