Summit Financial Wealth Advisors LLC Cuts Stake in Schwab US Dividend Equity ETF $SCHD

Summit Financial Wealth Advisors LLC cut its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,921,721 shares of the company’s stock after selling 60,273 shares during the period. Schwab US Dividend Equity ETF accounts for approximately 8.4% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Summit Financial Wealth Advisors LLC owned about 0.07% of Schwab US Dividend Equity ETF worth $58,958,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 52.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after acquiring an additional 3,170,728 shares in the last quarter. Paradiem LLC bought a new position in shares of Schwab US Dividend Equity ETF in the 1st quarter worth $56,258,000. Cibc World Market Inc. grew its position in Schwab US Dividend Equity ETF by 31.8% in the 4th quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after purchasing an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management bought a new stake in Schwab US Dividend Equity ETF during the 4th quarter valued at $43,773,000. Finally, Baer Investment Advisory LLC acquired a new position in Schwab US Dividend Equity ETF during the first quarter worth $46,847,000.

Schwab US Dividend Equity ETF Trading Up 0.2%

Schwab US Dividend Equity ETF stock opened at $33.47 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $26.21 and a 1-year high of $34.24. The firm has a market capitalization of $103.37 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68. The firm’s fifty day moving average price is $32.51 and its two-hundred day moving average price is $31.43.

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.