Merit Financial Group LLC Increases Position in Schwab US Dividend Equity ETF $SCHD

Merit Financial Group LLC increased its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 88.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,568,399 shares of the company’s stock after acquiring an additional 737,892 shares during the quarter. Merit Financial Group LLC owned approximately 0.06% of Schwab US Dividend Equity ETF worth $43,021,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHD. Mountain Hill Investment Partners Corp. increased its holdings in Schwab US Dividend Equity ETF by 1,241.8% during the 4th quarter. Mountain Hill Investment Partners Corp. now owns 899 shares of the company’s stock worth $25,000 after purchasing an additional 832 shares during the last quarter. Biltmore Family Office LLC grew its position in shares of Schwab US Dividend Equity ETF by 116.4% during the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock worth $27,000 after buying an additional 524 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth approximately $33,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth $35,000. Finally, Reyes Financial Architecture Inc. increased its stake in shares of Schwab US Dividend Equity ETF by 1,903.1% in the third quarter. Reyes Financial Architecture Inc. now owns 1,302 shares of the company’s stock worth $36,000 after buying an additional 1,237 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $30.81 on Friday. The company has a market capitalization of $86.55 billion, a price-to-earnings ratio of 14.57 and a beta of 0.70. Schwab US Dividend Equity ETF has a 12 month low of $24.76 and a 12 month high of $31.95. The company’s fifty day moving average price is $31.04 and its two-hundred day moving average price is $28.86.

Schwab US Dividend Equity ETF Company 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.