Summit Asset Management LLC Grows Holdings in Schwab US Dividend Equity ETF $SCHD

Summit Asset Management LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,060,404 shares of the company’s stock after purchasing an additional 23,863 shares during the quarter. Schwab US Dividend Equity ETF accounts for 8.8% of Summit Asset Management LLC’s investment portfolio, making the stock its biggest position. Summit Asset Management LLC owned 0.07% of Schwab US Dividend Equity ETF worth $63,213,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Elmwood Wealth Management Inc. bought a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $1,003,000. Bell Bank increased its stake in Schwab US Dividend Equity ETF by 53.3% in the 4th quarter. Bell Bank now owns 104,155 shares of the company’s stock worth $2,857,000 after purchasing an additional 36,212 shares during the period. BIP Wealth LLC bought a new stake in Schwab US Dividend Equity ETF in the fourth quarter valued at approximately $1,589,000. Aspire Capital Advisors LLC lifted its position in Schwab US Dividend Equity ETF by 2.9% in the fourth quarter. Aspire Capital Advisors LLC now owns 1,063,961 shares of the company’s stock valued at $29,184,000 after purchasing an additional 30,146 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Schwab US Dividend Equity ETF by 18.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 523,834 shares of the company’s stock valued at $14,369,000 after purchasing an additional 82,981 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $32.75 on Tuesday. Schwab US Dividend Equity ETF has a fifty-two week low of $26.21 and a fifty-two week high of $33.50. The firm has a market cap of $100.06 billion, a PE ratio of 14.57 and a beta of 0.68. The business has a 50 day moving average price of $32.28 and a 200-day moving average price of $31.12.

About Schwab US Dividend Equity ETF

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.