Summit Wealth Group LLC Co. Takes Position in Schwab US Dividend Equity ETF $SCHD

Summit Wealth Group LLC Co. bought a new stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, HoldingsChannel reports. The fund bought 695,654 shares of the company’s stock, valued at approximately $19,082,000. Schwab US Dividend Equity ETF accounts for about 2.5% of Summit Wealth Group LLC Co.’s portfolio, making the stock its 8th biggest holding.

Other large investors have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. increased its position in shares of Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after purchasing an additional 832 shares during the last quarter. Merrithew & Thorsten Inc purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $25,000. Biltmore Family Office LLC increased its position in shares of Schwab US Dividend Equity ETF by 116.4% during the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after purchasing an additional 524 shares during the last quarter. Field & Main Bank purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000. Finally, Dynamic Wealth Strategies LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter valued at $29,000.

Schwab US Dividend Equity ETF Price Performance

Shares of Schwab US Dividend Equity ETF stock opened at $31.76 on Wednesday. Schwab US Dividend Equity ETF has a 1 year low of $25.69 and a 1 year high of $32.13. The firm has a market cap of $90.16 billion, a PE ratio of 14.57 and a beta of 0.68. The stock has a fifty day moving average price of $31.00 and a 200-day moving average price of $29.38.

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.