Summit Financial LLC Buys 17,763 Shares of Schwab US Dividend Equity ETF $SCHD

Summit Financial LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499,464 shares of the company’s stock after purchasing an additional 17,763 shares during the quarter. Summit Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $13,700,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Schwab US Dividend Equity ETF by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 4,616,851 shares of the company’s stock valued at $126,040,000 after purchasing an additional 95,857 shares during the period. Elmwood Wealth Management Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $1,003,000. Bell Bank grew its stake in shares of Schwab US Dividend Equity ETF by 53.3% in the fourth quarter. Bell Bank now owns 104,155 shares of the company’s stock valued at $2,857,000 after acquiring an additional 36,212 shares in the last quarter. Aspire Capital Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 2.9% during the fourth quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock worth $29,184,000 after buying an additional 30,146 shares in the last quarter. Finally, BIP Wealth LLC bought a new position in shares of Schwab US Dividend Equity ETF in the fourth quarter worth about $1,589,000.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $32.82 on Friday. The company has a 50 day simple moving average of $31.68 and a 200 day simple moving average of $30.24. The stock has a market cap of $93.17 billion, a price-to-earnings ratio of 14.57 and a beta of 0.67. Schwab US Dividend Equity ETF has a 1 year low of $26.16 and a 1 year high of $32.92.

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.