Summit Financial Wealth Advisors LLC Sells 2,429 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Summit Financial Wealth Advisors LLC decreased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,345 shares of the company’s stock after selling 2,429 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Directions Investment Advisors LLC bought a new position in Schwab US Dividend Equity ETF in the first quarter worth $26,000. Rehmann Capital Advisory Group bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at $30,000. Spence Asset Management increased its holdings in shares of Schwab US Dividend Equity ETF by 89.7% during the second quarter. Spence Asset Management now owns 776 shares of the company’s stock valued at $41,000 after acquiring an additional 367 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Schwab US Dividend Equity ETF during the first quarter valued at $56,000. Finally, LifePlan Financial Group Inc increased its holdings in shares of Schwab US Dividend Equity ETF by 463.1% during the first quarter. LifePlan Financial Group Inc now owns 1,098 shares of the company’s stock valued at $57,000 after acquiring an additional 903 shares in the last quarter.

Shares of NYSEARCA:SCHD traded up $0.34 on Thursday, hitting $54.29. 14,999 shares of the company traded hands, compared to its average volume of 872,578. Schwab US Dividend Equity ETF has a 52 week low of $44.03 and a 52 week high of $55.12. The business has a 50 day moving average price of $53.69.

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Institutional Ownership by Quarter for Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

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