Summit Financial LLC Has $13.70 Million Stock Holdings in Schwab US Dividend Equity ETF $SCHD

Summit Financial LLC increased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 499,464 shares of the company’s stock after buying an additional 17,763 shares during the period. Summit Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $13,700,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SCHD. Brighton Jones LLC increased its stake in shares of Schwab US Dividend Equity ETF by 404.6% in the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after acquiring an additional 84,262 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Schwab US Dividend Equity ETF by 206.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock valued at $2,095,000 after acquiring an additional 51,696 shares in the last quarter. Bison Wealth LLC increased its stake in shares of Schwab US Dividend Equity ETF by 234.4% in the 4th quarter. Bison Wealth LLC now owns 441,394 shares of the company’s stock valued at $12,059,000 after acquiring an additional 309,400 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 35.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 592,953 shares of the company’s stock valued at $16,579,000 after acquiring an additional 155,769 shares in the last quarter. Finally, United Bank grew its position in Schwab US Dividend Equity ETF by 5.0% in the 2nd quarter. United Bank now owns 195,713 shares of the company’s stock valued at $5,186,000 after purchasing an additional 9,351 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.9%

NYSEARCA SCHD opened at $32.82 on Friday. The company has a fifty day simple moving average of $31.68 and a 200 day simple moving average of $30.24. Schwab US Dividend Equity ETF has a 12-month low of $26.16 and a 12-month high of $32.92. The company has a market cap of $93.17 billion, a P/E ratio of 14.57 and a beta of 0.67.

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.