Team Hewins LLC Invests $100,000 in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Team Hewins LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,654 shares of the company’s stock, valued at approximately $100,000. Schwab US Dividend Equity ETF comprises about 0.0% of Team Hewins LLC’s portfolio, making the stock its 26th biggest position.

A number of other large investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its stake in Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $26,000. IFS Advisors LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 184.4% in the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after acquiring an additional 699 shares during the last quarter. Kennebec Savings Bank bought a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Finally, Olistico Wealth LLC grew its position in Schwab US Dividend Equity ETF by 202.2% during the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after acquiring an additional 748 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD stock opened at $28.07 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.16 and a fifty-two week high of $29.72. The company has a market capitalization of $19.69 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock has a 50 day moving average price of $28.10 and a two-hundred day moving average price of $27.90.

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.