Merit Financial Group LLC Lowers Stock Position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Merit Financial Group LLC trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,083,535 shares of the company’s stock after selling 50,734 shares during the quarter. Schwab US Dividend Equity ETF accounts for approximately 7.1% of Merit Financial Group LLC’s portfolio, making the stock its 2nd largest position. Merit Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $234,750,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Raleigh Capital Management Inc. acquired a new stake in Schwab US Dividend Equity ETF during the third quarter valued at approximately $28,000. Bear Mountain Capital Inc. bought a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $34,000. Howe & Rusling Inc. boosted its stake in Schwab US Dividend Equity ETF by 209.8% in the 3rd quarter. Howe & Rusling Inc. now owns 508 shares of the company’s stock valued at $36,000 after buying an additional 344 shares in the last quarter. Carmel Capital Partners LLC bought a new stake in Schwab US Dividend Equity ETF in the third quarter valued at $39,000. Finally, WestHill Financial Advisors Inc. raised its stake in Schwab US Dividend Equity ETF by 106.3% during the third quarter. WestHill Financial Advisors Inc. now owns 619 shares of the company’s stock worth $44,000 after acquiring an additional 319 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Performance

Shares of NYSEARCA:SCHD traded up $0.70 on Friday, hitting $77.97. The stock had a trading volume of 2,607,694 shares, compared to its average volume of 3,569,934. The company has a market capitalization of $54.54 billion, a price-to-earnings ratio of 14.82 and a beta of 0.77. The firm’s 50 day moving average price is $78.31 and its 200-day moving average price is $75.43. Schwab US Dividend Equity ETF has a twelve month low of $66.67 and a twelve month high of $80.82.

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.