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

Sarver Vrooman Wealth Advisors grew its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,694,611 shares of the company’s stock after buying an additional 33,514 shares during the period. Schwab US Dividend Equity ETF accounts for 32.5% of Sarver Vrooman Wealth Advisors’ portfolio, making the stock its largest position. Sarver Vrooman Wealth Advisors’ holdings in Schwab US Dividend Equity ETF were worth $55,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 8.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,780,558 shares of the company’s stock valued at $56,462,000 after acquiring an additional 137,402 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Schwab US Dividend Equity ETF by 18.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock worth $14,369,000 after acquiring an additional 82,981 shares in the last quarter. Advisory Solutions Group LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth $1,414,000. Compass Financial Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at $5,255,000. Finally, BNP Paribas Financial Markets raised its position in Schwab US Dividend Equity ETF by 351,462.5% in the fourth quarter. BNP Paribas Financial Markets now owns 337,500 shares of the company’s stock worth $9,258,000 after acquiring an additional 337,404 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD traded up $0.13 during midday trading on Thursday, reaching $32.66. The stock had a trading volume of 11,664,096 shares, compared to its average volume of 22,396,094. The stock has a 50-day moving average of $34.10 and a 200-day moving average of $32.55. The company has a market capitalization of $107.60 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $35.31.

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.