Merit Financial Group LLC Sells 50,734 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Merit Financial Group LLC lowered its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,083,535 shares of the company’s stock after selling 50,734 shares during the quarter. Schwab US Dividend Equity ETF makes up approximately 7.1% of Merit Financial Group LLC’s holdings, making the stock its 2nd largest position. Merit Financial Group LLC owned approximately 0.47% of Schwab US Dividend Equity ETF worth $234,750,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Financial Group LLC bought a new stake in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $131,000. Beacon Financial Planning Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 63.6% during the third quarter. Beacon Financial Planning Inc. now owns 5,056 shares of the company’s stock valued at $358,000 after buying an additional 1,965 shares during the last quarter. Baker Ellis Asset Management LLC grew its holdings in Schwab US Dividend Equity ETF by 1.1% in the 3rd quarter. Baker Ellis Asset Management LLC now owns 185,553 shares of the company’s stock worth $13,130,000 after buying an additional 1,947 shares in the last quarter. Bouchey Financial Group Ltd increased its position in Schwab US Dividend Equity ETF by 12.5% in the 3rd quarter. Bouchey Financial Group Ltd now owns 691,181 shares of the company’s stock valued at $48,908,000 after acquiring an additional 76,884 shares during the period. Finally, Guyasuta Investment Advisors Inc. raised its stake in Schwab US Dividend Equity ETF by 1.8% during the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 28,756 shares of the company’s stock valued at $2,035,000 after acquiring an additional 500 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 company’s 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. Schwab US Dividend Equity ETF has a 12 month low of $66.67 and a 12 month high of $80.82. The stock’s 50-day moving average is $78.31 and its two-hundred day moving average is $75.43.

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.