Schwab US Dividend Equity ETF $SCHD Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC grew its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 88.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,568,399 shares of the company’s stock after buying an additional 737,892 shares during the period. Merit Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $43,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. increased its position in Schwab US Dividend Equity ETF by 1,241.8% in the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock valued at $25,000 after acquiring an additional 832 shares during the period. Biltmore Family Office LLC boosted its position in Schwab US Dividend Equity ETF by 116.4% during the 3rd quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after acquiring an additional 524 shares during the period. Triumph Capital Management bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth $33,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Schwab US Dividend Equity ETF in the third quarter worth $35,000. Finally, Reyes Financial Architecture Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 1,903.1% during the third quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock valued at $36,000 after purchasing an additional 1,237 shares during the period.

Schwab US Dividend Equity ETF Stock Up 0.5%

Shares of NYSEARCA SCHD opened at $30.81 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $24.76 and a fifty-two week high of $31.95. The firm’s 50-day simple moving average is $31.04 and its 200 day simple moving average is $28.86. The stock has a market cap of $86.55 billion, a P/E ratio of 14.57 and a beta of 0.70.

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.