Merit Financial Group LLC Increases Holdings in Schwab US Dividend Equity ETF $SCHD

Merit Financial Group LLC raised its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 968,544 shares of the company’s stock after buying an additional 14,437 shares during the quarter. Merit Financial Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $25,666,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Schwab US Dividend Equity ETF in the 2nd quarter worth $1,031,129,000. Wealthspire Advisors LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 95.2% in the 1st quarter. Wealthspire Advisors LLC now owns 29,554,836 shares of the company’s stock worth $826,353,000 after purchasing an additional 14,410,724 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 6.8% in the 1st quarter. LPL Financial LLC now owns 38,785,482 shares of the company’s stock worth $1,084,442,000 after purchasing an additional 2,470,706 shares in the last quarter. Cresset Asset Management LLC increased its holdings in shares of Schwab US Dividend Equity ETF by 37.5% in the 1st quarter. Cresset Asset Management LLC now owns 7,582,282 shares of the company’s stock worth $212,001,000 after purchasing an additional 2,069,007 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 6.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,640,926 shares of the company’s stock worth $772,840,000 after purchasing an additional 1,637,300 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.3%

Schwab US Dividend Equity ETF stock opened at $27.41 on Friday. The firm has a market cap of $71.87 billion, a price-to-earnings ratio of 14.57 and a beta of 0.88. The stock has a fifty day simple moving average of $27.33 and a two-hundred day simple moving average of $26.76. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $29.72.

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.