Schwab US Dividend Equity ETF $SCHD Shares Newly Bought by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC acquired a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,961,363 shares of the company’s stock, valued at approximately $63,803,000. Schwab US Dividend Equity ETF comprises about 7.9% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Summit Financial Wealth Advisors LLC owned approximately 0.06% of Schwab US Dividend Equity ETF as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after acquiring an additional 354,983 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its position in Schwab US Dividend Equity ETF by 3.5% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock valued at $293,578,000 after acquiring an additional 324,778 shares during the last quarter. Royal Bank of Canada grew its position in Schwab US Dividend Equity ETF by 8.3% in the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock valued at $265,563,000 after acquiring an additional 660,876 shares during the last quarter. Keystone Financial Planning Inc. grew its position in Schwab US Dividend Equity ETF by 0.5% in the 3rd quarter. Keystone Financial Planning Inc. now owns 6,279,518 shares of the company’s stock valued at $204,273,000 after acquiring an additional 29,169 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in Schwab US Dividend Equity ETF by 2.8% in the first quarter. HHM Wealth Advisors LLC now owns 5,156,506 shares of the company’s stock worth $158,202,000 after purchasing an additional 138,225 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA:SCHD traded up $0.47 on Thursday, hitting $34.19. 18,317,096 shares of the company’s stock were exchanged, compared to its average volume of 22,395,799. Schwab US Dividend Equity ETF has a 12 month low of $26.32 and a 12 month high of $35.31. The stock has a market capitalization of $114.21 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The business’s 50 day simple moving average is $34.00 and its two-hundred day simple moving average is $32.71.

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.