Summit Wealth Partners LLC Raises Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Summit Wealth Partners LLC raised its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 187.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 50,179 shares of the company’s stock after purchasing an additional 32,708 shares during the quarter. Summit Wealth Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,371,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SCHD. Central Pacific Bank Trust Division boosted its stake in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP bought a new stake in Schwab US Dividend Equity ETF during the fourth quarter worth about $26,000. IFS Advisors LLC boosted its stake in Schwab US Dividend Equity ETF by 184.4% during the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after acquiring an additional 699 shares in the last quarter. Kennebec Savings Bank bought a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $31,000. Finally, Olistico Wealth LLC boosted its stake in Schwab US Dividend Equity ETF by 202.2% during the fourth quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after acquiring an additional 748 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA SCHD opened at $27.95 on Thursday. The firm’s 50 day moving average price is $27.95 and its 200-day moving average price is $27.97. The company has a market cap of $19.61 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $25.16 and a 52-week high of $29.72.

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.