Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Bought by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,127 shares of the company’s stock after acquiring an additional 12,209 shares during the period. Schwab US Dividend Equity ETF comprises 1.8% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 19th largest holding. Summit Financial Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $7,925,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 104,751.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 52,654,527 shares of the company’s stock worth $3,977,523,000 after buying an additional 52,604,309 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 12.3% during the first quarter. LPL Financial LLC now owns 10,114,703 shares of the company’s stock worth $739,992,000 after buying an additional 1,110,089 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 14.3% during the first quarter. Ameriprise Financial Inc. now owns 9,805,935 shares of the company’s stock worth $715,915,000 after buying an additional 1,228,836 shares in the last quarter. Charles Schwab Investment Advisory Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 3.2% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 9,593,721 shares of the company’s stock worth $701,877,000 after buying an additional 294,215 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Schwab US Dividend Equity ETF by 8.1% during the first quarter. Bank of America Corp DE now owns 7,757,878 shares of the company’s stock worth $567,566,000 after buying an additional 582,697 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.4 %

Shares of NYSEARCA SCHD traded down $0.29 during midday trading on Tuesday, reaching $73.33. 460,930 shares of the stock were exchanged, compared to its average volume of 3,121,611. The company has a market capitalization of $48.27 billion, a P/E ratio of 14.38 and a beta of 0.88. Schwab US Dividend Equity ETF has a 52-week low of $65.96 and a 52-week high of $79.49. The stock has a 50 day moving average price of $74.14 and a 200-day moving average price of $72.66.

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.