Summit Global Investments Has $12.98 Million Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Summit Global Investments lowered its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 170,500 shares of the company’s stock after selling 2,462 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 0.8% of Summit Global Investments’ portfolio, making the stock its 25th largest position. Summit Global Investments’ holdings in Schwab US Dividend Equity ETF were worth $12,980,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SCHD. LPL Financial LLC grew its position in shares of Schwab US Dividend Equity ETF by 4.7% during the 3rd quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock worth $797,645,000 after buying an additional 503,970 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 3.7% during the third quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock valued at $527,798,000 after purchasing an additional 266,516 shares during the period. Envestnet Asset Management Inc. increased its position in Schwab US Dividend Equity ETF by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock valued at $408,896,000 after buying an additional 145,168 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Schwab US Dividend Equity ETF by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 4,349,008 shares of the company’s stock worth $307,736,000 after acquiring an additional 95,086 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Schwab US Dividend Equity ETF by 11.8% in the 3rd quarter. Royal Bank of Canada now owns 4,280,883 shares of the company’s stock worth $302,916,000 after purchasing an additional 451,744 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.2 %

NYSEARCA SCHD traded up $0.15 during mid-day trading on Thursday, hitting $77.04. The company’s stock had a trading volume of 2,329,452 shares, compared to its average volume of 3,577,233. The company’s 50 day simple moving average is $78.32 and its 200 day simple moving average is $75.37. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82. The firm has a market capitalization of $53.89 billion, a price-to-earnings ratio of 14.82 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.