Summit Wealth & Retirement Planning Inc. Has $961,000 Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Summit Wealth & Retirement Planning Inc. boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,617 shares of the company’s stock after purchasing an additional 578 shares during the period. Schwab US Dividend Equity ETF comprises 0.4% of Summit Wealth & Retirement Planning Inc.’s holdings, making the stock its 23rd largest holding. Summit Wealth & Retirement Planning Inc.’s holdings in Schwab US Dividend Equity ETF were worth $961,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SCHD. LPL Financial LLC raised its position in Schwab US Dividend Equity ETF by 4.7% during the third quarter. LPL Financial LLC now owns 11,272,535 shares of the company’s stock valued at $797,645,000 after acquiring an additional 503,970 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.7% during the third quarter. Avantax Advisory Services Inc. now owns 7,458,984 shares of the company’s stock worth $527,798,000 after buying an additional 266,516 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 5,778,626 shares of the company’s stock valued at $408,896,000 after acquiring an additional 145,168 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Schwab US Dividend Equity ETF by 1.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,188,556 shares of the company’s stock worth $367,142,000 after acquiring an additional 96,234 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Schwab US Dividend Equity ETF by 8.6% during the third quarter. Commonwealth Equity Services LLC now owns 4,422,807 shares of the company’s stock worth $312,958,000 after acquiring an additional 348,710 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.6 %

Schwab US Dividend Equity ETF stock traded up $0.47 during mid-day trading on Monday, reaching $77.12. The company had a trading volume of 1,759,334 shares, compared to its average volume of 3,644,103. The firm has a market cap of $54.04 billion, a price-to-earnings ratio of 15.00 and a beta of 0.79. The company has a 50 day moving average of $78.22 and a 200-day moving average of $74.99. Schwab US Dividend Equity ETF has a 52 week low of $66.67 and a 52 week high of $80.82.

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.