Summit Asset Management LLC Acquires 57,502 Shares of Schwab US Dividend Equity ETF $SCHD

Summit Asset Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,036,541 shares of the company’s stock after purchasing an additional 57,502 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 7.9% of Summit Asset Management LLC’s portfolio, making the stock its biggest position. Summit Asset Management LLC owned about 0.08% of Schwab US Dividend Equity ETF worth $55,862,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SCHD. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth about $847,665,000. Cibc World Market Inc. grew its holdings in shares of Schwab US Dividend Equity ETF by 243.5% during the third quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock worth $145,471,000 after buying an additional 3,777,339 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 52.2% during the fourth 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 in the last quarter. Keudell Morrison Wealth Management bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $43,773,000. Finally, Evergreen Advisors LLC bought a new position in shares of Schwab US Dividend Equity ETF during the fourth quarter worth about $41,630,000.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $32.83 on Friday. The company has a market cap of $93.19 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 52-week low of $25.69 and a 52-week high of $32.88. The stock has a 50-day simple moving average of $31.13 and a 200 day simple moving average of $29.65.

Schwab US Dividend Equity ETF Company 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.