Summit Financial Wealth Advisors LLC Acquires New Position in Schwab US Dividend Equity ETF $SCHD

Summit Financial Wealth Advisors LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,961,363 shares of the company’s stock, valued at approximately $63,803,000. Schwab US Dividend Equity ETF makes up approximately 7.9% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 2nd biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in SCHD. Triumph Capital Management raised its stake in Schwab US Dividend Equity ETF by 14.6% during the 3rd quarter. Triumph Capital Management now owns 2,389 shares of the company’s stock worth $78,000 after buying an additional 305 shares during the period. Gemmer Asset Management LLC grew its stake in Schwab US Dividend Equity ETF by 1.5% in the second quarter. Gemmer Asset Management LLC now owns 21,618 shares of the company’s stock valued at $686,000 after acquiring an additional 317 shares during the period. MeadowBrook Investment Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 3.3% in the first quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock worth $312,000 after acquiring an additional 325 shares in the last quarter. FC Advisory LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 1.8% in the third quarter. FC Advisory LLC now owns 19,234 shares of the company’s stock worth $626,000 after acquiring an additional 336 shares in the last quarter. Finally, Semus Wealth Partners LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 0.7% in the first quarter. Semus Wealth Partners LLC now owns 51,317 shares of the company’s stock worth $1,574,000 after acquiring an additional 347 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.4%

Shares of NYSEARCA SCHD traded up $0.47 during mid-day trading on Thursday, reaching $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 twelve month low of $26.32 and a twelve month high of $35.31. The firm has a market capitalization of $114.21 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The business has a fifty day simple moving average of $34.00 and a 200 day simple moving average of $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.