Whitegate Investment Counselors Inc. Has $16.15 Million Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Whitegate Investment Counselors Inc. boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 149.3% in the fourth quarter, HoldingsChannel reports. The firm owned 590,979 shares of the company’s stock after purchasing an additional 353,886 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 5.5% of Whitegate Investment Counselors Inc.’s holdings, making the stock its 6th largest holding. Whitegate Investment Counselors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $16,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF during the third quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $38,000. Phillips Financial Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 144.8% during the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock worth $56,000 after buying an additional 391 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $68,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $73,000.

Schwab US Dividend Equity ETF Stock Performance

SCHD opened at $27.29 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The company has a market capitalization of $67.68 billion, a P/E ratio of 17.56 and a beta of 0.86. The stock has a fifty day moving average of $27.88 and a 200-day moving average of $28.13.

Schwab US Dividend Equity ETF Company 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.