Summit Global Investments Has $10.62 Million Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Summit Global Investments boosted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 215.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 388,775 shares of the company’s stock after purchasing an additional 265,610 shares during the quarter. Summit Global Investments’ holdings in Schwab US Dividend Equity ETF were worth $10,621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division increased its holdings in Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after purchasing an additional 604 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Schwab US Dividend Equity ETF in the fourth quarter valued at about $26,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Schwab US Dividend Equity ETF by 294.3% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock valued at $28,000 after buying an additional 777 shares during the period. PFG Private Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock valued at $28,000 after buying an additional 686 shares during the period. Finally, IFS Advisors LLC increased its stake in shares of Schwab US Dividend Equity ETF by 184.4% in the fourth quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock valued at $29,000 after buying an additional 699 shares during the period.

Schwab US Dividend Equity ETF Trading Down 0.7 %

Shares of SCHD stock opened at $27.76 on Friday. The stock has a market cap of $68.84 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The stock has a 50-day moving average of $27.95 and a 200-day moving average of $28.13. Schwab US Dividend Equity ETF has a 1-year low of $25.18 and a 1-year high of $29.72.

Schwab US Dividend Equity ETF 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.