Summit Asset Management LLC Has $55.86 Million Stake in Schwab US Dividend Equity ETF $SCHD

Summit Asset Management LLC increased its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,036,541 shares of the company’s stock after buying an additional 57,502 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 7.9% of Summit Asset Management LLC’s portfolio, making the stock its biggest holding. Summit Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $55,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Colorado Capital Management Inc. grew its stake in Schwab US Dividend Equity ETF by 0.9% in the fourth quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after purchasing an additional 362 shares in the last quarter. Westside Investment Management Inc. grew its stake in Schwab US Dividend Equity ETF by 5.6% in the third quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock valued at $198,000 after purchasing an additional 383 shares in the last quarter. International Private Wealth Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 3.3% in the fourth quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock valued at $340,000 after purchasing an additional 397 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Schwab US Dividend Equity ETF by 3.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 12,384 shares of the company’s stock valued at $339,000 after purchasing an additional 402 shares in the last quarter. Finally, Archer Investment Corp grew its stake in Schwab US Dividend Equity ETF by 5.0% in the fourth quarter. Archer Investment Corp now owns 8,534 shares of the company’s stock valued at $234,000 after purchasing an additional 404 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.8%

SCHD stock opened at $32.83 on Friday. The business has a 50 day moving average price of $31.13 and a two-hundred day moving average price of $29.65. The company has a market cap of $93.19 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a twelve month low of $25.69 and a twelve month high of $32.88.

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.