Summit Global Investments Has $276,000 Position in Schwab US Dividend Equity ETF $SCHD

Summit Global Investments cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 35.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,425 shares of the company’s stock after selling 5,829 shares during the quarter. Summit Global Investments’ holdings in Schwab US Dividend Equity ETF were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SCHD. Kingstone Capital Partners Texas LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at $1,031,129,000. Wealthspire Advisors LLC increased its holdings in Schwab US Dividend Equity ETF by 95.2% in the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after purchasing an additional 14,410,724 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Schwab US Dividend Equity ETF by 2.9% in the second quarter. Avantax Advisory Services Inc. now owns 28,436,927 shares of the company’s stock valued at $753,579,000 after purchasing an additional 796,001 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 19,215,884 shares of the company’s stock valued at $509,221,000 after purchasing an additional 1,083,206 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 0.7% during the first quarter. Ameriprise Financial Inc. now owns 17,539,875 shares of the company’s stock valued at $491,196,000 after purchasing an additional 113,330 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.5%

NYSEARCA:SCHD opened at $27.45 on Thursday. The stock’s 50-day moving average is $27.01 and its 200-day moving average is $26.98. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.62. The stock has a market cap of $70.98 billion, a P/E ratio of 14.57 and a beta of 0.77.

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.