Merit Financial Group LLC Sells 1,091 Shares of Schwab US Dividend Equity ETF (SCHD)

Merit Financial Group LLC reduced its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,085 shares of the company’s stock after selling 1,091 shares during the quarter. Merit Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $367,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SCHD. Doyle Wealth Management purchased a new position in Schwab US Dividend Equity ETF during the fourth quarter worth about $53,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $86,000. We Are One Seven LLC purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $89,000. Phocas Financial Corp. purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter worth about $91,000. Finally, TCI Wealth Advisors Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 49.5% in the 4th quarter. TCI Wealth Advisors Inc. now owns 2,236 shares of the company’s stock worth $105,000 after purchasing an additional 740 shares during the period.

Shares of Schwab US Dividend Equity ETF stock traded up $0.02 during trading hours on Monday, reaching $51.61. The stock had a trading volume of 9,166 shares, compared to its average volume of 1,174,284. Schwab US Dividend Equity ETF has a 1 year low of $44.03 and a 1 year high of $54.29.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Thursday, March 21st will be issued a $0.352 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.73%.

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Further Reading: Beta

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

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