47,135 Shares in Schwab US Dividend Equity ETF $SCHD Purchased by Birchwood Financial Partners Inc.

Birchwood Financial Partners Inc. purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 47,135 shares of the company’s stock, valued at approximately $1,293,000. Schwab US Dividend Equity ETF comprises about 1.3% of Birchwood Financial Partners Inc.’s investment portfolio, making the stock its 21st largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $847,665,000. Cassaday & Co Wealth Management LLC raised its stake 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. Cibc World Market Inc. boosted its holdings in shares of Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock worth $192,634,000 after acquiring an additional 1,694,144 shares in the last quarter. Keudell Morrison Wealth Management acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth approximately $43,773,000. Finally, Evergreen Advisors LLC bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $41,630,000.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $31.86 on Friday. The business has a fifty day moving average price of $31.82 and a 200 day moving average price of $30.40. Schwab US Dividend Equity ETF has a fifty-two week low of $26.16 and a fifty-two week high of $32.92. The stock has a market capitalization of $90.44 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67.

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.