Summit Wealth Group LLC Co. Sells 55,444 Shares of Schwab US Dividend Equity ETF $SCHD

Summit Wealth Group LLC Co. cut its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 11.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 430,356 shares of the company’s stock after selling 55,444 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 0.9% of Summit Wealth Group LLC Co.’s portfolio, 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 quarter.

Other institutional investors have also recently bought and sold shares of the company. Landaas & Co. WI ADV acquired a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $1,533,000. MBA Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 1.2% during the 3rd quarter. MBA Advisors LLC now owns 363,068 shares of the company’s stock worth $11,811,000 after buying an additional 4,199 shares during the last quarter. Certified Advisory Corp increased its holdings in shares of Schwab US Dividend Equity ETF by 0.7% during the 3rd quarter. Certified Advisory Corp now owns 195,373 shares of the company’s stock worth $6,356,000 after buying an additional 1,452 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. increased its holdings in shares of Schwab US Dividend Equity ETF by 1.0% during the 3rd quarter. Strategic Family Wealth Counselors L.L.C. now owns 469,257 shares of the company’s stock worth $15,265,000 after buying an additional 4,430 shares during the last quarter. Finally, Welch Group LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth $327,000.

Schwab US Dividend Equity ETF Trading Up 0.3%

Shares of SCHD opened at $35.90 on Tuesday. Schwab US Dividend Equity ETF has a twelve month low of $26.32 and a twelve month high of $36.10. The firm has a market capitalization of $121.21 billion, a P/E ratio of 14.57 and a beta of 0.68. The stock’s fifty day simple moving average is $34.15 and its 200 day simple moving average is $32.36.

Schwab US Dividend Equity ETF Company 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.