Schwab US Dividend Equity ETF $SCHD Stock Position Reduced by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. decreased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 430,356 shares of the company’s stock after selling 55,444 shares during the quarter. Schwab US Dividend Equity ETF comprises about 0.9% of Summit Wealth Group LLC Co.’s holdings, making the stock its 19th largest position. Summit Wealth Group LLC Co.’s holdings in Schwab US Dividend Equity ETF were worth $13,999,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new position in shares of Schwab US Dividend Equity ETF in the third quarter valued at approximately $79,998,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at approximately $71,569,000. Brookstone Capital Management acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth approximately $71,011,000. Summit Financial Wealth Advisors LLC acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth approximately $63,803,000. Finally, BOKF NA purchased a new stake in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $60,243,000.

Schwab US Dividend Equity ETF Stock Performance

Shares of SCHD opened at $35.90 on Tuesday. The stock has a fifty day moving average of $34.15 and a two-hundred day moving average of $32.36. The company has a market capitalization of $121.21 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a fifty-two week low of $26.32 and a fifty-two week high of $36.10.

Schwab US Dividend Equity ETF 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.