First Merchants Corp Lowers Position in Schwab US Dividend Equity ETF $SCHD

First Merchants Corp trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,080 shares of the company’s stock after selling 40,962 shares during the quarter. First Merchants Corp’s holdings in Schwab US Dividend Equity ETF were worth $5,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rakuten Investment Management Inc. purchased a new position in Schwab US Dividend Equity ETF during the third quarter worth about $1,127,144,000. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $847,665,000. Osaic Holdings Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 11,264,610 shares of the company’s stock valued at $298,684,000 after acquiring an additional 1,217,005 shares during the period. Avantax Planning Partners Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 3.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock valued at $265,893,000 after acquiring an additional 280,277 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 18.0% in the 3rd quarter. Cerity Partners LLC now owns 6,599,938 shares of the company’s stock worth $180,178,000 after acquiring an additional 1,005,469 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA:SCHD opened at $30.54 on Thursday. The stock has a market capitalization of $80.33 billion, a P/E ratio of 14.57 and a beta of 0.77. The company has a 50 day moving average price of $30.68 and a 200 day moving average price of $28.51. Schwab US Dividend Equity ETF has a fifty-two week low of $23.87 and a fifty-two week high of $31.95.

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.