Keudell Morrison Wealth Management Purchases Shares of 1,595,818 Schwab US Dividend Equity ETF $SCHD

Keudell Morrison Wealth Management purchased a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,595,818 shares of the company’s stock, valued at approximately $43,773,000. Schwab US Dividend Equity ETF comprises about 9.2% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 2nd largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. increased its stake in Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $25,000. Biltmore Family Office LLC increased its stake in Schwab US Dividend Equity ETF by 116.4% in the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after purchasing an additional 524 shares during the last quarter. Field & Main Bank purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new position in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $29,000.

Schwab US Dividend Equity ETF Stock Up 0.4%

Shares of Schwab US Dividend Equity ETF stock opened at $32.25 on Friday. The firm has a market capitalization of $91.55 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 $25.69 and a 52 week high of $32.26. The firm’s 50 day moving average is $31.09 and its two-hundred day moving average is $29.63.

Schwab US Dividend Equity ETF News Summary

Here are the key news stories impacting Schwab US Dividend Equity ETF this week:

• Positive Sentiment: Seeking Alpha upgraded SCHD, saying the ETF offers an improved buying opportunity after its reconstitution, with stronger technology exposure, meaningful energy holdings, a valuation discount to the S&P 500, and a steady dividend yield. SCHD: The Buying Opportunity Is Finally Flashing (Upgrade)
• Positive Sentiment: Several other articles framed SCHD and similar dividend ETFs as attractive income vehicles during a period of higher bond yields, inflation pressure, and summer volatility, which can support demand for defensive dividend funds. A $1.7 million portfolio that quietly pays $9,800 a month and outpaces the median US mortgage payment twice over
• Neutral Sentiment: Articles about income-focused portfolios and dividend strategies broadly reinforce interest in dividend ETFs, but they do not cite any new SCHD-specific catalyst beyond ongoing investor attention to yield and retirement income. 3 Dividend ETFs to Lock In Before Summer Volatility Picks Up
• Neutral Sentiment: One piece reviewed SCHD after its reconstitution and asked whether it had delivered, which suggests continued scrutiny of performance but no clearly negative development. SCHD After The Reconstitution: Has It Actually Delivered?

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.