Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Position Increased by Merit Financial Group LLC

Merit Financial Group LLC boosted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 164.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,002,360 shares of the company’s stock after purchasing an additional 623,330 shares during the period. Merit Financial Group LLC owned 0.14% of Schwab US Dividend Equity ETF worth $27,384,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SCHD. Kennebec Savings Bank acquired a new position in Schwab US Dividend Equity ETF in the third quarter worth approximately $31,000. Legacy Investment Solutions LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter worth $34,000. Barrett & Company Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at $34,000. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the 3rd quarter valued at $38,000. Finally, Quent Capital LLC boosted its holdings in Schwab US Dividend Equity ETF by 86.6% in the third quarter. Quent Capital LLC now owns 517 shares of the company’s stock worth $44,000 after purchasing an additional 240 shares in the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $27.99 on Friday. Schwab US Dividend Equity ETF has a fifty-two week low of $25.03 and a fifty-two week high of $29.72. The stock’s 50-day moving average is $28.19 and its two-hundred day moving average is $27.81. The firm has a market cap of $19.63 billion, a P/E ratio of 15.04 and a beta of 0.74.

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.