Summit Financial LLC Acquires 299,460 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Summit Financial LLC raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 2,466.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 311,603 shares of the company’s stock after acquiring an additional 299,460 shares during the quarter. Summit Financial LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SCHD. Bank of Montreal Can raised its stake in shares of Schwab US Dividend Equity ETF by 11.5% in the third quarter. Bank of Montreal Can now owns 33,878 shares of the company’s stock worth $2,855,000 after buying an additional 3,503 shares during the period. FMR LLC increased its holdings in Schwab US Dividend Equity ETF by 39.3% in the 3rd quarter. FMR LLC now owns 127,966 shares of the company’s stock worth $10,817,000 after acquiring an additional 36,115 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Schwab US Dividend Equity ETF by 79.0% during the third quarter. Glenmede Trust Co. NA now owns 5,587 shares of the company’s stock valued at $472,000 after purchasing an additional 2,465 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Schwab US Dividend Equity ETF by 3.0% in the third quarter. Rockefeller Capital Management L.P. now owns 123,393 shares of the company’s stock worth $10,419,000 after purchasing an additional 3,618 shares during the period. Finally, Tradition Wealth Management LLC increased its stake in shares of Schwab US Dividend Equity ETF by 1.2% in the third quarter. Tradition Wealth Management LLC now owns 251,941 shares of the company’s stock worth $21,297,000 after purchasing an additional 3,100 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $27.58 on Monday. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The company’s fifty day moving average price is $27.97 and its 200-day moving average price is $28.14. The company has a market capitalization of $69.50 billion, a price-to-earnings ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.2488 per share. The ex-dividend date of this dividend is Wednesday, March 26th.

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.