Schwab US Dividend Equity ETF $SCHD Stock Holdings Lessened by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lowered its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,921,721 shares of the company’s stock after selling 60,273 shares during the quarter. Schwab US Dividend Equity ETF accounts for 8.4% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest position. Summit Financial Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $58,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mountain Hill Investment Partners Corp. raised its holdings in shares of Schwab US Dividend Equity ETF by 1,241.8% in the fourth quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $25,000. Field & Main Bank purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Dynamic Wealth Strategies LLC purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth about $29,000. Finally, Ashton Thomas Securities LLC bought a new stake in Schwab US Dividend Equity ETF in the 1st quarter worth about $32,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $33.47 on Friday. The firm has a market cap of $103.37 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $34.24. The firm has a 50-day moving average price of $32.51 and a two-hundred day moving average price of $31.43.

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.