Adams Asset Advisors LLC Takes Position in Schwab US Dividend Equity ETF $SCHD

Adams Asset Advisors LLC purchased a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the second quarter, according to its most recent filing with the SEC. The firm purchased 231,786 shares of the company’s stock, valued at approximately $6,142,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHD. Opal Wealth Advisors LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter worth approximately $38,000. Optimum Investment Advisors raised its position in shares of Schwab US Dividend Equity ETF by 57.6% during the 1st quarter. Optimum Investment Advisors now owns 1,381 shares of the company’s stock worth $39,000 after purchasing an additional 505 shares during the last quarter. MTM Investment Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter worth approximately $40,000. Finally, Westside Investment Management Inc. raised its position in shares of Schwab US Dividend Equity ETF by 3,666.7% during the 1st quarter. Westside Investment Management Inc. now owns 1,469 shares of the company’s stock worth $41,000 after purchasing an additional 1,430 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $27.48 on Monday. The company has a market capitalization of $71.68 billion, a P/E ratio of 14.57 and a beta of 0.88. Schwab US Dividend Equity ETF has a 1 year low of $23.87 and a 1 year high of $29.72. The business has a 50 day moving average price of $27.30 and a 200 day moving average price of $26.82.

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.