Schwab US Dividend Equity ETF $SCHD is Summit Asset Management LLC’s Largest Position

Summit Asset Management LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 makes up approximately 8.8% of Summit Asset Management LLC’s holdings, making the stock its largest holding. Summit Asset Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $63,213,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SCHD. Cassaday & Co Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after buying an additional 3,170,728 shares during the period. Paradiem LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 1st quarter worth approximately $56,258,000. Cibc World Market Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 31.8% during the fourth quarter. Cibc World Market Inc. now owns 7,022,759 shares of the company’s stock valued at $192,634,000 after buying an additional 1,694,144 shares during the period. Keudell Morrison Wealth Management purchased a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at approximately $43,773,000. Finally, Baer Investment Advisory LLC bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at approximately $46,847,000.

Schwab US Dividend Equity ETF Stock Down 0.5%

Shares of Schwab US Dividend Equity ETF stock opened at $32.75 on Tuesday. The business has a 50 day moving average of $32.28 and a 200 day moving average of $31.12. Schwab US Dividend Equity ETF has a 52 week low of $26.21 and a 52 week high of $33.50. The company has a market cap of $100.06 billion, a PE ratio of 14.57 and a beta of 0.68.

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.