Meridian Wealth Management LLC Lowers Stock Position in Schwab US Dividend Equity ETF $SCHD

Meridian Wealth Management LLC cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 50.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,905 shares of the company’s stock after selling 129,349 shares during the quarter. Meridian Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $3,454,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Rakuten Investment Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $1,127,144,000. Sumitomo Life Insurance Co. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $847,665,000. Avantax Planning Partners Inc. lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.0% during the third quarter. Avantax Planning Partners Inc. now owns 9,739,675 shares of the company’s stock worth $265,893,000 after purchasing an additional 280,277 shares during the period. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares during the period. Finally, MML Investors Services LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 3.2% during the second quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock worth $160,554,000 after purchasing an additional 185,649 shares during the period.

Schwab US Dividend Equity ETF Price Performance

Shares of NYSEARCA SCHD opened at $31.76 on Wednesday. The stock has a fifty day moving average price of $31.00 and a 200 day moving average price of $29.38. Schwab US Dividend Equity ETF has a 1-year low of $25.69 and a 1-year high of $32.13. The company has a market cap of $90.16 billion, a PE ratio of 14.57 and a beta of 0.68.

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.