Summit Securities Group LLC Makes New $33,000 Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Summit Securities Group LLC bought a new position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,200 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors have also modified their holdings of the stock. LPL Financial LLC increased its stake in Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after buying an additional 24,783,386 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at about $592,939,000. Sumitomo Life Insurance Co. increased its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after acquiring an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Schwab US Dividend Equity ETF by 205.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after acquiring an additional 17,501,170 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in Schwab US Dividend Equity ETF by 195.8% in the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after purchasing an additional 10,024,156 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.6 %

Shares of NYSEARCA SCHD opened at $27.58 on Monday. The business has a 50 day moving average price of $27.97 and a two-hundred day moving average price of $28.14. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $29.72. The firm has a market cap of $69.50 billion, a PE ratio of 17.12 and a beta of 0.86.

Schwab US Dividend Equity ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.2488 per share. The ex-dividend date 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.