Merit Financial Group LLC Purchases 623,330 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Merit Financial Group LLC raised its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 164.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,002,360 shares of the company’s stock after buying an additional 623,330 shares during the quarter. Merit Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $27,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHD. Central Pacific Bank Trust Division increased its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares during the period. IFS Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after purchasing an additional 699 shares during the period. Kennebec Savings Bank acquired a new position in shares of Schwab US Dividend Equity ETF during the third quarter valued at about $31,000. Barrett & Company Inc. acquired a new stake in Schwab US Dividend Equity ETF during the third quarter worth about $34,000. Finally, Legacy Investment Solutions LLC bought a new position in Schwab US Dividend Equity ETF during the third quarter valued at about $34,000.

Schwab US Dividend Equity ETF Stock Up 0.6 %

Schwab US Dividend Equity ETF stock opened at $27.99 on Friday. Schwab US Dividend Equity ETF has a 12 month low of $25.03 and a 12 month high of $29.72. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. The business has a 50 day moving average price of $28.19 and a two-hundred day moving average price of $27.81.

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.