1,595,818 Shares in Schwab US Dividend Equity ETF $SCHD Acquired by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management bought a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,595,818 shares of the company’s stock, valued at approximately $43,773,000. Schwab US Dividend Equity ETF accounts for about 9.2% of Keudell Morrison Wealth Management’s holdings, making the stock its 2nd largest holding. Keudell Morrison Wealth Management owned about 0.06% of Schwab US Dividend Equity ETF at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. increased its stake in shares of Schwab US Dividend Equity ETF by 1,241.8% during the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after buying an additional 832 shares during the period. Merrithew & Thorsten Inc purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $25,000. Biltmore Family Office LLC increased its stake in shares of Schwab US Dividend Equity ETF by 116.4% during the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after buying an additional 524 shares during the period. Field & Main Bank purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $29,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $32.25 on Friday. The company’s 50 day moving average price is $31.09 and its 200 day moving average price is $29.63. Schwab US Dividend Equity ETF has a fifty-two week low of $25.69 and a fifty-two week high of $32.26. The firm has a market capitalization of $91.55 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

Key Headlines Impacting Schwab US Dividend Equity ETF

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.