Summit Wealth Partners LLC Sells 961 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Summit Wealth Partners LLC lessened its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,730 shares of the company’s stock after selling 961 shares during the quarter. Summit Wealth Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,456,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SCHD. Central Pacific Bank Trust Division acquired a new stake in shares of Schwab US Dividend Equity ETF in the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. acquired a new position in Schwab US Dividend Equity ETF in the second quarter valued at about $25,000. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Schwab US Dividend Equity ETF during the first quarter worth approximately $26,000. Iron Horse Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the second quarter valued at approximately $26,000. Finally, PFG Private Wealth Management LLC bought a new position in shares of Schwab US Dividend Equity ETF in the second quarter valued at approximately $27,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $84.48 on Wednesday. The stock’s 50 day simple moving average is $82.63 and its 200 day simple moving average is $79.91. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $85.24. The firm has a market cap of $59.26 billion, a PE ratio of 15.04 and a beta of 0.74.

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.