Schwab US Dividend Equity ETF $SCHD Position Lifted by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,001,881 shares of the company’s stock after acquiring an additional 133,282 shares during the period. Schwab US Dividend Equity ETF accounts for 9.5% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its biggest holding. Summit Financial Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $53,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 404.6% in the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock worth $2,871,000 after buying an additional 84,262 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 206.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after acquiring an additional 51,696 shares in the last quarter. Bison Wealth LLC lifted its stake in Schwab US Dividend Equity ETF by 234.4% in the fourth quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock worth $12,059,000 after acquiring an additional 309,400 shares during the period. Russell Investments Group Ltd. grew its holdings in Schwab US Dividend Equity ETF by 46.4% during the 1st quarter. Russell Investments Group Ltd. now owns 33,274 shares of the company’s stock worth $930,000 after acquiring an additional 10,542 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in Schwab US Dividend Equity ETF by 46.2% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 50,115 shares of the company’s stock valued at $1,401,000 after purchasing an additional 15,829 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $27.68 on Monday. The company has a 50 day moving average price of $27.09 and a 200-day moving average price of $27.11. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $28.84. The stock has a market capitalization of $71.58 billion, a PE ratio of 14.57 and a beta of 0.77.

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.