Schwab US Dividend Equity ETF $SCHD Stock Position Lowered by Merit Financial Group LLC

Merit Financial Group LLC decreased its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 830,507 shares of the company’s stock after selling 138,037 shares during the period. Merit Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $22,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. MOKAN Wealth Management Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 4.9% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 150,769 shares of the company’s stock valued at $3,995,000 after acquiring an additional 6,985 shares during the last quarter. Advisory Resource Group grew its holdings in shares of Schwab US Dividend Equity ETF by 4.4% in the 2nd quarter. Advisory Resource Group now owns 59,500 shares of the company’s stock worth $1,577,000 after acquiring an additional 2,520 shares during the last quarter. Welch Group LLC raised its position in shares of Schwab US Dividend Equity ETF by 44.7% during the second quarter. Welch Group LLC now owns 11,724 shares of the company’s stock worth $311,000 after purchasing an additional 3,624 shares during the period. AE Wealth Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 13.2% during the second quarter. AE Wealth Management LLC now owns 321,104 shares of the company’s stock valued at $8,509,000 after purchasing an additional 37,403 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 2nd quarter valued at $2,494,000.

Schwab US Dividend Equity ETF Trading Up 0.0%

Shares of SCHD opened at $27.63 on Wednesday. The business’s 50-day moving average price is $27.25 and its 200 day moving average price is $27.19. The stock has a market capitalization of $71.45 billion, a P/E ratio of 14.57 and a beta of 0.77. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $28.84.

About Schwab US Dividend Equity ETF

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.