Sarver Vrooman Wealth Advisors Boosts Stock Position in Schwab US Dividend Equity ETF $SCHD

Sarver Vrooman Wealth Advisors boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,747,762 shares of the company’s stock after purchasing an additional 103,979 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 27.3% of Sarver Vrooman Wealth Advisors’ portfolio, making the stock its 2nd biggest position. Sarver Vrooman Wealth Advisors’ holdings in Schwab US Dividend Equity ETF were worth $47,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter valued at about $847,665,000. Cibc World Market Inc. increased its position in shares of Schwab US Dividend Equity ETF by 243.5% in the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after acquiring an additional 3,777,339 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares during the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $43,773,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $41,630,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $32.37 on Thursday. The stock’s 50-day simple moving average is $31.42 and its 200 day simple moving average is $30.00. The company has a market cap of $91.89 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52-week low of $26.16 and a 52-week high of $32.91.

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.